Peak Resorts: Fiscal 4Q Earnings Snapshot
WILDWOOD, Mo. (AP) _ Peak Resorts Inc. (SKIS) on Thursday reported fiscal fourth-quarter net income of $18.1 million.
The Wildwood, Missouri-based company said it had profit of 83 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The ski resort owner posted revenue of $85.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $76.3 million.
For the year, the company reported net income of $8.9 million, or 45 cents per share, swinging to a profit in the period. Revenue was reported as $184.4 million.
The company’s shares closed at $3.95. A year ago, they were trading at $4.95.