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Marriott Vacations Worldwide Corp. (VAC) on Thursday reported third-quarter earnings of $26.8 million.
The Orlando, Florida-based company said it had profit of 97 cents per share. Earnings, adjusted for non-recurring gains, were 96 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The timeshare company posted revenue of $407 million in the period.
Marriott expects full-year earnings in the range of $4.55 to $4.65 per share.
Marriott shares have risen 21 percent since the beginning of the year. The stock has fallen almost 5 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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