ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Marriott Vacations Worldwide Corp. (VAC) on Wednesday reported fourth-quarter net income of $50 million.
On a per-share basis, the Orlando, Florida-based company said it had net income of $1.30. Earnings, adjusted for one-time gains and costs, were $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The timeshare company posted revenue of $1.33 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.25 billion.
For the year, the company reported profit of $218 million, or $5.61 per share. Revenue was reported as $4.97 billion.
Marriott Vacations Worldwide expects full-year earnings in the range of $6.30 to $7 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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