Peak Resorts (SKIS) Misses Q1 EPS by 1c

Peak Resorts (NASDAQ: SKIS) reported Q1 EPS of ($0.51), $0.01 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $5.4 million versus the consensus estimate of $6 million.

• Reported EBITDA* for the first quarter was a loss of $6.5 million, level with last year's first quarter and in line with management's expectations.
• Mount Snow EB-5 project reached targeted $52 million subscription level in August and construction continues at site.
• Columbus Day Weekend is next deadline for 2015/2016 season pass sales; management anticipates continued strong demand for season pass products.

For earnings history and earnings-related data on Peak Resorts (SKIS) click here.

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