reported second-quarter earnings Tuesday that beat Wall Street's slightly lowered estimates by 5 cents. While it mains comfortable with analysts' expectations for 2001, the resort developer and operator acknowledged a "tenuous national economy."
For its second quarter ended Jan. 31, Vail earned $17.7 million, or 50 cents a share, excluding one-time charges, up from $10.9 million, or 31 cents a share, in the year-ago period. Seven analysts surveyed by
First Call/Thomson Financial
expected the company to earn 45 cents a share.
Vail posted second-quarter revenue of $189.4 million, up 16.3% from $162.9 million in the same period one year ago.
According to First Call/Thomson Financial, nine analysts expect the company to earn 53 cents a share for 2001, up from 44 cents a share earned in fiscal 2000.
Shares of Vail were up 5 cents, or 0.2%, to $20.50 in recent trading on the
New York Stock Exchange