Vail Resorts Shares Climb Despite Q3 Results Miss

Vail Resorts (MTN) - Get Report shares were climbing Friday afternoon, despite the company reporting lower-than-expected first quarter results before the opening bell. The Broomfield, Colorado-based mountain lodge resort company reported a net loss of $1.70 a share, steeper than the $1.63 a share the company loss in the year ago quarter, and short of the $1.57 a share loss analysts were expecting for the period. However, the company also reiterated its full year EBITDA guidance range between $567 million and $597 million. The company said that it was in a better position for international growth following the October closing of its $1.06 billion purchase of Canadian ski-resort operator Whistler Blackcomb. "We feel great about where we are with the Whistler Blackcomb acquisition and we look forward to the opportunity to bring them into the approaches that we do," CEO Rob Katz said during the company's earnings call.