Hilton Grand Vacations Inc. (HGV) released a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $68 million, or $0.62 per share. This compares with $78 million, or $0.67 per share, in last year's fourth quarter.
Excluding items, Hilton Grand Vacations Inc. reported adjusted earnings of $111 million or $1.01 per share for the period.
Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.0% to $1.02 billion from $0.99 billion last year.
Hilton Grand Vacations Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $68 Mln. vs. $78 Mln. last year.
-EPS (Q4): $0.62 vs. $0.67 last year.
-Revenue (Q4): $1.02 Bln vs. $0.99 Bln last year.
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