Jun 7, 2013 1:16 AM by Juice Godfrey
BROOMFIELD, Colo. (AP) - Ski resort operator Vail Resorts Inc. is reporting a 23 percent increase in net income for its third quarter, with skier visits to its Colorado resorts up 11.8 percent in the quarter compared with the same time a year ago.
The Broomfield, Colo.-based company on Thursday reported net income of $97.6 million, or $2.66 per share, for the quarter ending April 30 on revenue of $469.7 million. That's up from profits of $79.5 million, or $2.17 per share, on revenue of $421.1 million in the same quarter last year.
It says spring season pass sales are up 18 percent in units sold and 24 percent in sales dollars through May 28 from a comparable period last year.
Shares closed down 81 cents to $62.16 before results were announced.