: Vail Resorts stock falls on wider-than-expected loss

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Vail Resorts Inc. MTN shares declined in the extended session Thursday after the ski resort operator reported a wider-than-expected loss. Vail shares fell as much as 6% after hours, following a 1.9% decline in the regular session to close at $224.23. The company reported a fiscal fourth-quarter loss of $153.6 million, or $3.82 a share, compared with $89.5 million, or $2.22 a share, in the year-ago period. Revenue fell to $77.2 million from $244 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $3.47 a share on revenue of $138.3 million. “Given the uncertainty across the economy and the challenge COVID-19 has created for travel demand and specifically our assessment of the ultimate visitation to our resorts with evolving demand and capacity dynamics, the company will not be providing full year guidance for fiscal 2021 at this time,” said Rob Katz, Vail chief executive, in a statement.
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