Interval Leisure Group up 7% on Strong Q1 Earnings
Interval Leisure Group (NASDAQ: IILG) is trading higher on the session following its Q1 earnings announcement. The company reported an EPS of $0.27 vs $0.27 estimates and revenues of $126.7 million vs $122.2 million estimates.
Craig M. Nash, Chairman, President and Chief Executive Officer said: "Interval Leisure Group started 2012 with success at every level. ILG's consolidated revenue increased by 8.3%, which was driven by an improvement of 4.6% in Membership and Exchange and 25.7% in Management and Rental. This incremental topline growth reflects a meaningful contribution from Interval International's new products and services, strong results at Aston and Trading Places and the addition of Vacation Resorts International, our most recent acquisition. Average revenue per Interval Network member is at a five-year high, while Platinum membership and Club Interval Gold products are being adopted by our developer clients at an impressive rate."
Interval Leisure Group is currently trading at $18.83, a gain of $1.29 or 7.35%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.