Vail Resorts beats Street 2Q forecasts

BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Thursday reported fiscal second-quarter net income of $235.7 million.

On a per-share basis, the Broomfield, Colorado-based company said it had profit of $5.67. Earnings, adjusted for pretax gains, were $4.12 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.55 per share.

The ski resort operator posted revenue of $734.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $710.6 million.

Vail Resorts shares have increased 2 percent since the beginning of the year. The stock has risen 19 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTN at https://www.zacks.com/ap/MTN