Vail Resorts falls on weak annual forecast

Vail Resorts

08/06/2023 21:30

** Shares of ski resort firm Vail Resorts  MTN.N  down ~2%
at $253 in extended trading
    ** Co trims annual net income forecast due to persistent
doubts on economic uncertainty resulting from shift in consumer
behavior
    ** Now expects 2023 net income between $272 mln and $298
mln, compared to prior forecast of $305 mln to $345 mln
    ** Q3 sales of MTN rises 5.2% to $1.24 bln, but missed
analysts' estimate of $1.27 bln, per Refinitiv data
    ** Up to Thursday's close, stock had risen 8.3% so far in
2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))