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Vail Resorts sees increase in earnings for fiscal third-quarter

Views of Vail Ski Resort.
EyesWideOpen | Getty Images
Views of Vail Ski Resort.

Shares of Vail Resorts rose about 3 percent Thursday after the company reported better-than-expected earnings.

The firm posted fiscal third-quarter earnings of $4.23 per share, beating analysts' estimates of $4.20 a share.

"Our Colorado resorts continued to deliver outstanding results, with growth in visitation and revenue above our record prior year. We did experience a modest decline in total international visitation compared to the prior year, however, we did see strong growth from Australia," CEO Rob Katz said.

The firm also said its resorts revenue rose nearly 14 percent on a year-over-year basis and raised its full-year guidance.

Vail Resorts 3-month performance