Vail Resorts, Inc. (NYSE:MTN) shares are trading lower after the company reported lower-than-expected second-quarter financial results and lowered its fiscal year 2024 guidance. Here’s a look at the details.
The Details:
The company reported quarterly earnings of $5.76 per share which missed the analyst consensus estimate of $5.98 and is a 11.63% increase over earnings of $5.16 per share year-over-year.
Quarterly sales clocked in at $1.08 billion, missing the analyst consensus estimate of $1.15 billion by 6.26% and representing a 2.18% decrease from sales of $1.1 billion from the same period last year.
“Given the unfavorable conditions across our North American resorts, we are …