Marriott Vacations Worldwide ("MVW") Reports Third Quarter Financial Results
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Marriott Vacations Worldwide (VAC) Misses Q3 EPS by 6c, Slight Beat on Revenues; Offers Q4 EPS Guidance Above Consensus, Confirms FY19 EPS Views
November 4, 2019 4:58 PM ESTMarriott Vacations Worldwide (NYSE: VAC) reported Q3 EPS of $1.97, $0.06 worse than the analyst estimate of $2.03. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.12 billion.
Third Quarter 2019 Highlights:
Consolidated vacation ownership contract sales increased 40% to $390 million.On a combined basis, consolidated vacation ownership contract sales increased nearly 5%. After adjusting for a $7 million adverse impact from Hurricane Dorian (the "Hurricane"), sales would have increased 6.5%.Net loss attributable to common shareholders was $9 million, or $0.21 loss per fully diluted share ("EPS"), compared to net loss... More