BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Thursday reported a loss of $89.5 million in its fiscal fourth quarter.
The Broomfield, Colorado-based company said it had a loss of $2.22 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $2.58 per share.
The ski resort operator posted revenue of $244 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $240.8 million.
For the year, the company reported profit of $301.2 million, or $7.32 per share. Revenue was reported as $2.27 billion.
Vail Resorts shares have risen slightly more than 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $230.73, a decrease of 20% in the last 12 months.