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Marriott Vacations Worldwide Corp. Message Board

  • joe1tacci joe1tacci May 3, 2012 10:17 AM Flag

    Beats by 5 cents guides to upper end FY

    8:09AM Marriot Vacations beats by $0.05; reaffirms FY12 EPS guidance (VAC) 29.88 : Reports Q1 (Mar) earnings of $0.27 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $0.22; revenues rose 0.3% year/year to $372 mln, may not compare to the $388.65 mln consensus. Co reaffirms guidance for FY12, sees EPS of $1.03-1.17 vs. $1.12 Capital IQ Consensus Estimate, with total gross contract sales growth of 4-8%. "Our contract sales growth in North America underscores the strong value proposition of our Marriott Vacation Club Destinations program. Coupled with our focus on our cost structure, we are confident in the outlook for the balance of 2012. Given our first quarter growth came from North America, our largest and most profitable segment, we believe it is more likely that we will perform toward the higher end of our 2012 guidance range."

62.69-1.54(-2.40%)2:31 PMEDT