Intrawest Resorts (SNOW) Misses Q1 EPS by 17c
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Intrawest Resorts (NYSE: SNOW) reported Q1 EPS of ($1.12), $0.17 worse than the analyst estimate of ($0.95). Revenue for the quarter came in at $80.48 million versus the consensus estimate of $79.11 million.
“Our first quarter results reflect strong summer visitation at our resorts and diligent management of expenses. We are pleased with the progress we have made the past two years in reducing our first quarter losses, and we consider summer to be an ongoing opportunity for future growth,” stated Tom Marano, Chief Executive Officer. “With $116.3 million of cash as of September 30, 2016, and the amendment to our credit agreement in October to reduce the applicable margin on our term loan by 50 basis points, we continue to improve our capital structure and position the Company for long-term growth. Season pass sales and CMH winter reservations remain strong, and we look forward to delivering exceptional experiences to our guests in the upcoming ski season."
For earnings history and earnings-related data on Intrawest Resorts (SNOW) click here.
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