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Peak Resorts fiscal Q3 profit climbs 13.3% YOY

Peak Resorts, Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 was 54 cents per share, compared with the S&P Capital IQ consensus estimate of 61 cents per share.

EPS decreased 62.3% year over year from $1.42.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.4 million, a gain of 13.3% from $5.7 million in the prior-year period.

The normalized profit margin climbed to 14.0% from 12.3% in the year-earlier period.

Total revenue totaled $46.0 million, compared with $46.2 million in the prior-year period, and total operating expenses fell from the prior-year period to $31.5 million from $32.8 million.

Reported net income declined 41.4% year over year to $3.3 million, or 27 cents per share, from $5.6 million, or $1.40 per share.