Wyndham Destinations (WYND) Misses Q1 EPS by 59c, Revenues Miss
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Wyndham Destinations Reports First Quarter 2020 Results; ABS Transaction Enhances Strong Liquidity Position
May 6, 2020 6:30 AM EDTORLANDO, Fla., May 6, 2020 /PRNewswire/ -- Wyndham Destinations, Inc. (NYSE: WYND), the world's largest vacation ownership and exchange company, today reported first quarter 2020 financial results for the three months ended March 31, 2020. Highlights include:
Net VOI sales of $90 million; gross VOI sales of $413 million (1)Â Diluted loss per share from continuing operations of $1.54 (adjusted diluted loss per share of $0.98) Net loss from continuing operations of $134 million and negative adjusted EBITDA of $44 million In anticipation of increased defaults due to the impact of COVID-19, a $225 million provision... More