ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Marriott Vacations Worldwide Corp. (VAC) on Monday reported first-quarter earnings of $47 million.
The Orlando, Florida-based company said it had net income of $1.22 per share. Earnings, adjusted for non-recurring costs, were $1.80 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The timeshare company posted revenue of $1.2 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.18 billion.
Marriott Vacations Worldwide expects full-year earnings in the range of $7.45 to $8.16 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VAC at https://www.zacks.com/ap/VAC
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