Why Vail Resorts (MTN) Stock Is Up After Hours

NEW YORK (TheStreet) -- Vail Resorts (MTN) stock is gaining in post-market trading after beating analysts' earnings estimates and recording double-digit revenue growth in its third quarter. 

After the bell, shares added 3.5% to $74.49.

Over the three months to April, the company earned $3.18 a share, 26 cents higher than what analysts surveyed by Thomson Reuters expected. Revenue of $543.1 million was 15.6% higher year over year and beat estimates of $522 million. 

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TheStreet Ratings team rates VAIL RESORTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate VAIL RESORTS INC (MTN) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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