Vail Resorts has adjusted its full-year guidance for adjusted EBITDA to a range of $739 million to $761 million, down from the previous estimate of $745 million to $775 million. This revision comes as analysts had anticipated a figure of $748.7 million.
Despite this negative adjustment, the company reported fiscal third-quarter adjusted EBITDA and revenue that exceeded analysts' expectations, indicating strong performance in that period. The market's reaction, reflected in the 4% drop in share price during after-hours trading, suggests that investors are concerned about the lowered guidance overshadowing the positive quarterly results