Marriott Vacations Worldwide announced that it returned to third-quarter earnings, which exceeded estimates, while revenue increased in line with estimates, as contract sales almost tripled to 3% of pre-pandemic level.
The share of the holiday package company remains inactive in the pre-conference transactions.
Net income was $ 10 million, or 23 cents a share, compared with a loss of $ 62 million, or $ 1.51, a year earlier.
If the exceptions are deducted, the company showed adjusted earnings per share of $ 1.60 against losses of 81 cents per share.
Convergent estimates spoke of $ 1.41 earnings per share.
Total revenue rose 62.1% year-on-year to $ 1.05 billion, according to estimates, while contract sales rose 171.4% to $ 380 million.
“The fourth quarter has started well with October sales being higher than 2019 and bookings for the first half of next year are already strong,” said CEO Stephen Weisz.
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Source From: Capital
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