Vail Resorts (MTN) reported fiscal Q3 net income late Monday of $8.81 per diluted share, down from $10.46 a year earlier.

Analysts polled by FactSet expected $8.95.

Revenue for the quarter ended April 30 fell to $1.21 billion from $1.30 billion a year earlier.

Analysts expected $1.20 billion.

The company kept its quarterly dividend at $2.22 a share, payable on July 9 to shareholders of record on June 25.

Shares of Vail Resorts were down 4.5% in after-hours activity.