13.02.2024 13:04:18 - dpa-AFX: Marriott International Inc. Q4 Profit Increases, beats estimates

BETHESDA (dpa-AFX) - Marriott International Inc. (MAR) revealed earnings for
its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $848 million, or $2.87 per share. This compares
with $673 million, or $2.12 per share, in last year's fourth quarter.

Excluding items, Marriott International Inc. reported adjusted earnings of $1.06
billion or $3.57 per share for the period.

Analysts on average had expected the company to earn $2.12 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 3.0% to $6.10 billion from $5.92
billion last year.

Marriott International Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $848 Mln. vs. $673 Mln. last year.
-EPS (Q4): $2.87 vs. $2.12 last year.
-Analyst Estimate: $2.12
-Revenue (Q4): $6.10 Bln vs. $5.92 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.12 to $2.19


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MARRIOTT INTL A DL-,01 913070 Frankfurt 213,050 03.06.24 08:09:27 +2,200 +1,04% 213,200 214,100 213,050 210,850

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