Reports Q1 revenue $1.257B, consensus $1.2B.”Contract sales and Adjusted EBITDA were lower in the first quarter, consistent with how we expected the year to unfold, and we expect second quarter contract sales to increase 4% to 8% and Adjusted EBITDA to be $187 million to $202 million,” said Matt Avril, Chief Executive Officer.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VAC:
- Is VAC a Buy, Before Earnings?
- Marriott Vacations price target raised to $92 from $79 at Deutsche Bank
- Marriott Vacations price target lowered to $50 from $52 at Morgan Stanley
- Netflix resumed, Starbucks downgraded: Wall Street’s top analyst calls
- Marriott Vacations appoints Tony Walker chief sales, marketing officer