Marriott International Inc. reported Tuesday second-quarter profit and revenue that beat expectations, with particular strength in its international regions,...
Marriott International Inc. MAR reported Tuesday second-quarter profit and revenue that beat expectations, with particular strength in its international regions, and raised its full-year outlook. Meanwhile, the hotel operator’s stock slipped 0.8% in premarket trading, after closing Monday at a record high. Net income rose to $726 million, or $2.38 a share, from $678 million, or $2.06 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.
Meanwhile, the hotel operator’s stock slipped 0.8% in premarket trading, after closing Monday at a record high. Net income rose to $726 million, or $2.38 a share, from $678 million, or $2.06 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.26 beat the FactSet consensus of $2.18. Revenue grew 13.8% to $6.08 billion, above the FactSet consensus of $5.98 billion. Worldwide revenue per available room increased 13.
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