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The lowest snowfall in 30 years in Colorado contributes to a FQ2 earnings miss by Vail Resorts...

The lowest snowfall in 30 years in Colorado contributes to a FQ2 earnings miss by Vail Resorts (MTN). The company says visits to its Colorado resorts declined 8.8% Y/Y during the quarter, while Tahoe saw a 32.6% falloff. As a result, revised guidance from Vail calls for resort reported FY12 EBITDA to fall in a range of $205M-$215M. Shares -4.2% premarket.
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