Interval Leisure Group Q2 Profit Misses Estimate

(RTTNews) - Interval Leisure Group, Inc. (IILG) reported net income for the second quarter of $16.6 million or $0.29 per share, compared to $18.4 million or $0.32 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $16.8 million or $0.29 per share, compared to $19.3 million or $0.33 per share in the prior year quarter.

Revenue for the second quarter rose 21.1% year-over-year to $173.7 million from $143.5 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $167.23 million for the second quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now forecasts revenue of $690 million to $705 million, compared to its prior guidance of $690 million to $720 million. Analysts currently expect the company to post revenue of $696.88 million for the full year 2015.