Hilton Grand Vacations Inc. (HGV) saw its stock soar 9.8% in the pre-market session on Thursday, following the company's fourth-quarter earnings report that showed strong contract sales and member growth.
According to the report, total contract sales for the quarter reached $837 million, while the member count stood at 724,000. The company's Consolidated Net Owner Growth (NOG) for the full year 2024 was a solid 1.1%, indicating an increase in the number of timeshare owners.
Despite posting net income of $20 million and adjusted earnings per share of $0.49, which fell short of analysts' expectations, the strong operational metrics seem to have buoyed investor confidence in the company's prospects.
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