5 Companies Drawing Attention Following Earnings Reports

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1. Vail Resorts, Inc. (NYSE:MTN)

Number of Hedge Fund Holders: 47

Shares of Vail Resorts, Inc. (NYSE:MTN) rose over six percent in the pre-market trading session on Friday, June 10, 2022, after announcing better-than-expected profit and sales for its fiscal third quarter.

Vail Resorts, Inc. (NYSE:MTN) reported earnings of $9.16 per share, compared to $6.72 per share in the year-ago period. Revenue for the quarter climbed 32.3 percent on a year-over-year basis to $1.18 billion. The results surpassed the consensus of $9.06 per share for earnings and $1.16 billion for revenue.

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Vail Resorts, Inc. (NYSE:MTN) also disclosed the sales results of its flagship businesses. Its lift revenue for the quarter jumped 23.7 percent due to higher pass product sales. In comparison, revenue from the lodging segment climbed 54.6 percent, driven by fewer coronavirus-related restrictions during the quarter.

Speaking on the results, CEO Kirsten Lynch said in a statement:

“We are pleased with our overall results for the quarter and for the 2021/2022 North American ski season. As expected, results for the quarter significantly outperformed results from the prior year primarily due to the greater impact of COVID-19 and related limitations and restrictions on results in the prior year period.”

You can also take a peek at 10 Cheap Chinese Stocks To Buy and 10 Favorite Stocks of Dan Loeb’s Third Point.

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