BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported second-quarter profit of $763 million.
The Bethesda, Maryland-based company said it had net income of $2.78 per share. Earnings, adjusted for non-recurring gains, came to $2.65 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.
The hotel company posted revenue of $6.74 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $6.67 billion.
For the current quarter ending in September, Marriott expects its per-share earnings to range from $2.31 to $2.39.
The company expects full-year earnings in the range of $9.85 to $10.08 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAR at https://www.zacks.com/ap/MAR
/The%20sign%20for%20Marvell%20Technology%20out%20front%20of%20a%20corporate%20office%20by%20Valeriya%20Zankovych%20via%20Shutterstock.jpg)
/Microsoft%20Corporation%20logo%20on%20sign-by%20Jean-Luc%20Ichard%20via%20iStock.jpg)
