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Peak Resorts: Fiscal 1Q Earnings Snapshot

Peak Resorts: Fiscal 1Q Earnings Snapshot

Associated Press

WILDWOOD, Mo. (AP) _ Peak Resorts Inc. (SKIS) on Tuesday reported a loss of $11.8 million in its fiscal first quarter.

The Wildwood, Missouri-based company said it had a loss of 87 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share.

The ski resort owner posted revenue of $7 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.6 million.

Peak Resorts shares have dropped 6.5 percent since the beginning of the year. The stock has risen slightly more than 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKIS at https://www.zacks.com/ap/SKIS