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Peak Resorts fiscal Q2 loss narrows YOY

Peak Resorts Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 came to a loss of 51 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 51 cents per share.

The per-share loss narrowed 75.5% year over year from $2.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $7.1 million, compared with a loss of $8.3 million in the year-earlier period.

The normalized profit margin increased to negative 116.1% from negative 133.2% in the year-earlier period.

Total revenue fell year over year to $6.2 million from $6.2 million, and total operating expenses decreased year over year to $15.0 million from $15.2 million.

Reported net income came to a loss of $6.9 million, or a loss of 49 cents per share, compared to a loss of $6.7 million, or a loss of $1.69 per share, in the year-earlier period.