BETHESDA, Md. (AP) 鈥� BETHESDA, Md. (AP) 鈥� Marriott International Inc. (MAR) on Monday reported second-quarter net income of $766 million.
The Bethesda, Maryland-based company said it had profit of $2.90 per share. Earnings, adjusted for non-recurring costs, were $3.19 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The hotel company posted revenue of $7.07 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $7.26 billion.
For the current quarter ending in September, Marriott expects its per-share earnings to range from $2.74 to $2.82.
The company expects full-year earnings in the range of $11.64 to $11.81 per share.
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