Peak Resorts, Inc. said its normalized net income for the fiscal fourth quarter ended April 30 amounted to 73 cents per share, compared with the S&P Capital IQ consensus estimate of 70 cents per share.
EPS fell 69.2% year over year from $2.37.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.2 million, a gain of 8.2% from $9.4 million in the prior-year period.
The normalized profit margin climbed to 21.7% from 19.8% in the year-earlier period.
Total revenue declined year over year to $47.0 million from $47.8 million, and total operating expenses totaled $28.1 million, compared with $28.2 million in the year-earlier period.
Reported net income rose 14.5% year over year to $9.8 million, or 70 cents per share, from $8.5 million, or $2.14 per share.
For the year, the company's normalized net income totaled $40,630, compared with a loss of $-996,880 in the prior year.
Full-year total revenue amounted to $104.9 million, compared with $105.2 million in the prior year, and total operating expenses totaled $89.5 million, compared with $89.5 million in the prior-year period.
The company said reported net income totaled a loss of $1.9 million, or a loss of 22 cents per share, in the full year, compared with a loss of $1.5 million, or a loss of 38 cents per share, the prior year.