Marriott Vacations Worldwide Corp. (VAC), Thursday reported first-quarter net income of $18 million or $0.50 per share, compared to $9 million or $0.24 per share last year.
Adjusted profit rose to $19 million or $0.54 per share from $10 million or $0.27 per share last year.
Total revenues for the quarter grew to $389 million from $376 million last year.
Analysts estimated earnings of $0.44 per share on revenues of $391.04 million for the quarter.
For the full year 2013, the company now expects adjusted earnings of $1.87 to $2.03 per share, up from prior estimate of $1.77 to $2.00 per share.
Analysts currently estimate earnings of 1.92 per share for the year.
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