Istock

Vail Resorts (MTN - Get Report) , an operator of ski resort vacation getaways, was rising more than 8% Friday after the company reported second-quarter earnings and revenue that topped Wall Street's expectations. 

Vail reported net income of $206.3 million, or $5.02 per share, on revenue of $850 million. Wall Street was expecting the company to report earnings of $4.83 per share on revenue of $842 million. 

"We are pleased with our overall results for the quarter, with strong growth in visitation and spending compared to the prior year. In the pre-holiday period, destination guest visitation at our U.S. resorts was less than expected, which we attribute to guest concerns after two prior years of poor pre-holiday conditions," CEO Rob Katz said. 

The company reported a 17.2% increase in lift revenue which was fueled by a 27% increase in skier visitation. Lodging revenue rose 16.1% year over year.

However, the company also reiterated that it was lowering its full-year guidance due to the disappointing results from destination visitation in the pre-holiday period. 

The company now expects EBITDA to range between $690 million and $710 million, below the low end of its previous guidance range between $718 million and $750 million.  

Vail also announced that it was raising its quarterly dividend by 20% to $1.76 per share, payable April 11, to shareholders of record on March 27. 

A Special Invitation: Do you want to learn more about planning for and living retirement from the nation's top experts, including Ed Slott and Robert Powell, the editor of TheStreet's Retirement Daily? Want to learn how to create tax-efficient income in retirement and how to manage and mitigate all the risks you'll face in retirement? Then sign up to attend TheStreet's Retirement Strategies Symposium on April 6 in New York City. For a limited time, you can attend this extraordinary symposium for $149 - a cost savings of $50 off the general admission price of $199.

You can see the full day's agenda, learn about the guest speakers and sign up HERE for this special event.