05:24 AM EST, 12/10/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Vail Resorts ( MTN ) reported a fiscal Q1 loss late Monday of $4.61 per diluted share, wider than a $4.60 loss a year earlier.

Analysts polled by FactSet expected a loss of $5.

Revenue for the quarter ended Oct. 31 was $260.3 million, up from $258.6 million a year earlier. Analysts surveyed by FactSet expected $249.8 million.

For fiscal 2025, the company raised its net income projection to between $240 million and $316 million from earlier guidance of $224 million and $300 million. Analysts polled by FactSet expect $271.9 million.

The company maintained its quarterly dividend at $2.22 per share, payable Jan. 9 to shareholders of record Dec. 26.

Shares of Vail Resorts ( MTN ) were up more than 3% in premarket activity Tuesday.

Price: 197.77, Change: +7.10, Percent Change: +3.72