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Marriott Vacations Worldwide Corp. Message Board

  • adspatz adspatz Oct 14, 2013 11:14 AM Flag

    Marriott Vacations revenue and earnings increase

    Search for "SEC Live Filings Digest" to find out more.
    Filing in Focus: Marriott Vacations 10-Q, October 10, 2013
    Marriott Vacations Worldwide Corp. (VAC) announced its third quarter financial results for the fiscal year 2013, detailing results that topped analyst predictions. The company, which was spun off from Marriott International Inc. (MAR) in 2011, reported profits of $25M and $0.67 earnings per share, up from $5M and $0.12 per share a year ago. Analysts were hoping from $400M in revenue with $0.39 earnings per share. Marriott Vacations is focused on selling timeshares, an industry that was severely impacted in recent years, but has seen steady growth at Marriott. Timeshare sales were $162M, or 39% of the company’s overall revenue. Overall revenue increased 7.6% to $412M while rental revenues improved 14% to $65M.

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