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The Company expects to report a 13% decline in first quarter consolidated vacation ownership contract sales.
Consolidated contract sales had increased 10% year-over-year through March 13, 2020.
Net loss attributable to common shareholders is expected to be between a loss of $39 million and $114 million, or $0.95 and $2.75 preliminary loss per fully diluted share.
The Company expects to record a non-cash asset impairment charge of $20 million to $100 million.
Adjusted net income attributable to common shareholders is expected to increase 34% to $89 million and adjusted fully diluted earnings per share is expected to increase 48% to $2.15.
The following information was filed by Marriott Vacations Worldwide Corp (VAC) on Wednesday, May 6, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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