ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Marriott $MAR Vacations Worldwide Corp. (VAC) on Wednesday reported fourth-quarter earnings of $35 million.
On a per-share basis, the Orlando, Florida-based company said it had profit of 93 cents. Earnings, adjusted for one-time gains and costs, came to $1.88 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The timeshare company posted revenue of $1.19 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.15 billion.
For the year, the company reported profit of $254 million, or $6.28 per share. Revenue was reported as $4.73 billion.
Marriott Vacations Worldwide expects full-year earnings in the range of $7.65 to $8.35 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VAC at https://www.zacks.com/ap/VAC