Vail Resorts Posts Wider Loss but Analyst Sees Strong Growth Ahead

Shares of Vail Resorts climbed in Wednesday trading after the ski resort operator reported a fiscal-fourth quarter loss that widened from last year as expenses rose but revenues that topped analyst estimates. Vail said it lost $75.4 million, or $2.08 a share, in the quarter, compared with a loss of $59.9 million, or $1.67 a share, a year ago. Revenues rose 21% to $135.5 million, which Barclays analyst Felicia Hendrix said topped her estimate of $128.8 million. She said, 'Vail's continued season pass sales momentum and its previously announced Park City Mountain Resort acquisition support strong growth expectations for fiscal year 2015 and beyond.'