Vail Resorts Shares Plummet After Disappointing Q3 Earnings

Weaker-than-expected financial results and reduced full-year guidance lead to significant stock drop

Vail Resorts reported Q3 earnings per share of $9.54, missing the $10.03 estimate.
Revenue for the quarter was $1.28 billion, below the expected $1.30 billion.
The company lowered its full-year guidance due to poor spring visitation and performance at Australian resorts.
CEO Kirsten Lynch cited unfavorable weather conditions and reduced snowfall as major factors.
Analysts have downgraded the stock, with shares reaching their lowest level since early COVID-19 pandemic.