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Peak Resorts fiscal Q2 loss widens YOY

Peak Resorts, Inc. said its normalized net income for the fiscal second quarter ended Oct. 31, 2014, amounted to a loss of $2.08 per share, compared with the S&P Capital IQ consensus estimate of a loss of $1.04 per share.

The per-share loss grew year over year from $2.01.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $8.3 million, compared with a loss of $8.0 million in the year-earlier period.

The normalized profit margin dropped to negative 133.2% from negative 129.6% in the year-earlier period.

Total revenue totaled $6.2 million, compared with $6.2 million in the prior-year period, and total operating expenses grew on an annual basis to $15.2 million from $14.8 million.

Reported net income came to a loss of $6.7 million, or a loss of $1.69 per share, compared to a loss of $7.7 million, or a loss of $1.94 per share, in the prior-year period.