Marriott Q3 Results Miss Expectations

Shares of Marriott Vacations Worldwide (VAC) - Get Report were lower Thursday after posting lower-than-anticipated results for the third quarter. Earnings of $0.96 per share was 19 cents below analysts' expectations. Revenue of approximately $407 million for the period was also below forecasts. For full-year 2016, Marriott now sees earnings per share between $4.55 and $4.65, which is narrower than its previous outlook. CEO Stephen Weisz said he is confident in the company's growth strategy and the solid foundation it is building for continued sales growth going into 2017.

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