Marriott Vacations Worldwide ("MVW") Reports Second Quarter Financial Results
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Marriott Vacations Worldwide (VAC) Tops Q2 EPS by 22c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Above Consensus
July 31, 2019 4:22 PM EDTMarriott Vacations Worldwide (NYSE: VAC) reported Q2 EPS of $1.99, $0.22 better than the analyst estimate of $1.77. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.11 billion.
Second Quarter 2019 Highlights:
Consolidated vacation ownership contract sales increased 66% to $386 million.On a combined basis, consolidated vacation ownership contract sales increased 6%.Net income attributable to common shareholders was $49 million, or $1.10 per fully diluted share ("EPS"), compared to net income... More