Marriott Vacations Worldwide announced a slim profit and higher revenue for its fiscal third quarter. The timeshare company said it earned $6 million, or 17 cents per share for the financial period. Adjusted earnings amounted to 23 cents per share, just under analyst expectations of 25 cents per share. Reported revenue was $383 million, also beneath analyst expected revenue of $402.6 million.
The company expects full year adjusted earnings of $1.17 to $1.31 per share.
Marriott's standalone timeshare brand was spun off from Marriott International a year ago. Due to charges from the spin-off, the company announced a loss of $221 million a year ago on revenue of $378 million.
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