ILG: 2Q Earnings Snapshot
MIAMI (AP) _ ILG Inc. (ILG) on Friday reported second-quarter profit of $27 million.
On a per-share basis, the Miami-based company said it had net income of 21 cents. Earnings, adjusted for non-recurring costs, were 31 cents per share.
The time-share property manager posted revenue of $461 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $473 million.
ILG shares have increased 22 percent since the beginning of the year. The stock has risen 31 percent in the last 12 months.