Benzinga | Jul 29, 2020 05:14PM EDT

Marriott Vacations: Q2 Earnings Insights

Shares of Marriott Vacations (NYSE:VAC) moved higher by 2.53% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 188.44% year over year to ($1.76), which missed the estimate of ($1.19).

Revenue of $480,000,000 decreased by 55.06% from the same period last year, which beat the estimate of $405,400,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Marriott Vacations hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $131.27

52-week low: $30.10

Price action over last quarter: Up 9.35%

Company Description

Marriott Vacations Worldwide Corporation functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services.