Marriott Vacations Q3 Profit Up - Quick Facts

(RTTNews) - Marriott Vacations Worldwide Corp.(VAC), a general entertainment company, Thursday reported an increase in net income for the third quarter, reflecting increase in revenues.

Net income for the three-month period was $25 million or $0.67 per share, compared with $5 million or $0.12 per share last year.

Adjusted EBITDA was $50 million, compared with $33 million during the same quarter a year ago.

Third quarter adjusted net income totaled $27 million or $0.72 per share.

On average, eight analysts polled by Thomson Reuters expected earnings per share of $0.39 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the period increased to $412 million, from prior year's $383 million. The Street expected the company to generate revenues of $400.32 million for the quarter.

For the full-year, the company now expects adjusted earnings to be in range of $81 million to $87 million, up from previous guidance of $72 million to $78 million. Adjusted earnings per share are expected to be in the range of $2.21 to $2.37, an increase from previous expectation of $1.94 to $2.10 per share. Analysts expect the company to report earnings of $2.11 per share for the year.