Marriott: 3Q Earnings Snapshot
ORLANDO, Fla. (AP) _ Marriott Vacations Worldwide Corp. (VAC) on Wednesday reported a third-quarter loss of $58 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Orlando, Florida-based company said it had a loss of $1.75. Earnings, adjusted for one-time gains and costs, were $1.42 per share.
The timeshare company posted revenue of $750 million in the period.
Marriott expects full-year earnings in the range of $5.52 to $5.75 per share.
Marriott shares have dropped 29 percent since the beginning of the year. The stock has fallen 32 percent in the last 12 months.