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.
Must Read: Warren Buffett's 25 Favorite Stocks
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
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts