NEW YORK Vail Resorts, an operator of skiing resorts in Colorado and Wyoming, posted an increase in its second quarter income, boosted by higher resort and real estate revenues. The Vail, CO-based company said that its net income in the second quarter ended January 31, after tax adjustments, was $16.1 million, or $0.46 per share, compared with $10.9 million, or $0.31 per share in the same period a year ago.
Vail Resorts also said that it expected its full fiscal 2001 EBITDA at its resort operations to be at the low end of analysts current expectations. According to First Call/Thomson Financial, analysts are predicting the company will post 2001 earnings of $0.53 per share. (3/13/01)
SOURCE:Reuters