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Vail Resorts stock price fell 3.2% before the quarterly earnings report was released.
Investing.com – Vail Resorts (NYSE:MTN) stock fell 3.2% on Monday as investors await the company’s quarterly earnings report, which is scheduled to be released after the market closes. The decline was driven by concerns that a decrease in international tourists could impact the ski resort operator’s performance.
According to LSEG data, analysts expect Vail Resorts to report quarterly revenue of $1.11 billion, down 2% from the same period last year. The company’s adjusted earnings per share are projected to reach $6.10, compared to $6.56 in the same quarter last year.
The downward revision in earnings expectations may be attributed to a decline in tourist numbers, including fewer visitors from Canada traveling to U.S. ski destinations. The decrease in Canadian tourists has occurred following trade tensions under President Donald Trump’s policies, which have led some Canadians to avoid traveling to the U.S.
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