ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Hilton Grand Vacations Inc. (HGV) on Thursday reported fourth-quarter earnings of $48 million.
The Orlando, Florida-based company said it had profit of 55 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 88 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The company posted revenue of $1.33 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.38 billion.
For the year, the company reported profit of $81 million, or 89 cents per share. Revenue was reported as $5.05 billion.
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