5 Stocks Making Headlines After Earnings Reports

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

Number of Hedge Fund Holders: 44

Shares of Vail Resorts, Inc. (NYSE:MTN) closed higher on Tuesday, March 15, 2022, despite missing profit and sales expectations for its fiscal second quarter. The mountain resort company earned $5.37 per share, below the consensus of $5.70 per share.

In addition, Vail Resorts, Inc. (NYSE:MTN) posted revenue of $906.5 million, up 32.4 percent on a year-over-year basis but behind analysts’ average estimate of $960.24 million. Lift revenue for the quarter rose 21.1 percent versus last year to $521.6 million and accounted for nearly 57 percent of the total sales.

Discussing the results, CEO of Vail Resorts, Inc. (NYSE:MTN), Ms Kirsten Lynch, said:

“We are pleased with our financial performance for the quarter. Visitation trends and demand for the experience at our resorts remain encouraging, particularly with destination guests, with results improving post-holidays as conditions improved, more terrain was opened and the impact of the COVID-19 Omicron variant receded.”