Marriott Vacations Worldwide Reports Fourth Quarter and Full Year 2019 Financial Results and Provides 2020 Outlook
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Marriott Vacations Worldwide (VAC) Misses Q4 EPS by 15c; Provides FY EPS Guidance
February 26, 2020 4:22 PM ESTMarriott Vacations Worldwide (NYSE: VAC) reported Q4 EPS of $2.43, $0.15 worse than the analyst estimate of $2.58. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.14 billion.
Fourth Quarter 2019 Results
Consolidated vacation ownership contract sales increased 10% to $394 million driven by 9% VPG growth.Net income attributable to common shareholders was $74 million, or $1.71 per fully diluted share ("EPS"), compared to net income attributable to common shareholders of $44 million, or $0.91 per fully diluted share, in the fourth quarter of 2018.Adjusted net income attributable to... More