Marriott Vacations Worldwide Corp. said its normalized net income for the fiscal second quarter ended June 19 was 94 cents per share, compared with the S&P Capital IQ consensus estimate of 87 cents per share.
EPS rose 7.0% year over year from 88 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $30.6 million, a decrease from $31.0 million in the prior-year period.
The normalized profit margin fell to 10.1% from 10.7% in the year-earlier period.
Total revenue rose year over year to $302.1 million from $289.2 million, and total operating expenses climbed 5.0% year over year to $248.9 million from $237.1 million.
Reported net income decreased on an annual basis to $34.1 million, or $1.05 per share, from $35.2 million, or $1 per share.