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ILG misses 4Q revenue forecasts

MIAMI (AP) _ ILG Inc. (ILG) on Tuesday reported fourth-quarter profit of $27 million.

The Miami-based company said it had net income of 22 cents per share. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.

The time-share property manager posted revenue of $455 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $464 million.

For the year, the company reported profit of $265 million, or $2.60 per share. Revenue was reported as $1.36 billion.

ILG expects full-year revenue in the range of $1.73 billion to $1.86 billion.

ILG shares have climbed nearly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.88, a climb of 46 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ILG at https://www.zacks.com/ap/ILG


Keywords: ILG, Earnings Report