NEW YORK (TheStreet) -- Shares of Diamond Resorts International (DRII - Get Report) closed up 6.99% to $24.96 after reporting record second quarter revenue and improving its outlook for the rest of the year.
The vacation company's total revenue increased 20.2% to $209.0 million for the second quarter, up from $173.9 million in the same quarter a year ago, beating the consensus estimate of $204.6 million.
Diamond Resorts posted a second quarter net loss of -$2.7 million, compared to net income of $18.0 million a year ago.
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The company updated its full year pre-tax income guidance to $74 million to $106.5 million from the previous range of $44.7 million to $77.2 million.
DRII data by YCharts
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