Peak Resorts: Fiscal 1Q Earnings Snapshot
WILDWOOD, Mo. (AP) _ Peak Resorts Inc. (SKIS) on Tuesday reported a loss of $11.8 million in its fiscal first quarter.
The Wildwood, Missouri-based company said it had a loss of 87 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share.
The ski resort owner posted revenue of $7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.6 million.
Peak Resorts shares have dropped 6.5 percent since the beginning of the year. The stock has risen slightly more than 6 percent in the last 12 months.