Hilton Grand Vacations rises after Q4 revenue beat

Hilton Grand Vacations

27/02/2025 14:53

** Timeshare operator Hilton Grand Vacations' shares HGV.N rise 8.6% to $44 in early market hours

** Co reports 26% year-on-year rise in quarterly revenue, owing to stronger results both in its real estate sales and financing, and resort operations and club management segments

** Q4 revenue of $1.28 bln came above analysts' estimate of $1.27 billion - LSEG-compiled data

** HGV sells timeshares, or vacation ownership interests (VOIs) - a model where multiple owners have exclusive use of a property for a period of time

** Q4 adj. EPS of 49 cents vs estimate of 72 cents

** Co says Q4 profit was affected by a $49 mln net deferral of revenues and direct expenses related to the sales of VOIs under construction that are recognized when construction is complete

** In 2024, stock had fallen 3.1%

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))