Vail Resorts' stock falls on lowered profit forecast

Shares of Vail Resorts drop after the ski resort company warns that fiscal 2019 adjusted results will fall slightly below the low end of its prior range

BROOMFIELD, Colo. -- Shares of Vail Resorts are falling after the ski resort company lowered one of its full-year forecasts because of fewer guests in early December.

The Broomfield, Colorado-based company said Friday that it now anticipates fiscal 2019 resort reported EBITDA — or earnings before interest, taxes, depreciation and amortization — to be slightly below the low end of its prior range of $718 million to $750 million.

Vail said its resorts in Whistler Blackcomb, British Columbia and Lake Tahoe in particular also suffered over the holidays from "increased weather variability."

The stock dropped $25.39, or 11.8 percent, to $189.24 in morning trading. Earlier shares traded at $181.96, their lowest point since March 2017.