BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported fourth-quarter profit of $673 million.
On a per-share basis, the Bethesda, Maryland-based company said it had profit of $2.12. Earnings, adjusted for non-recurring gains, were $1.96 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The hotel company posted revenue of $5.92 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $5.61 billion.
For the year, the company reported profit of $2.36 billion, or $7.24 per share. Revenue was reported as $20.77 billion.
For the current quarter ending in March, Marriott expects its per-share earnings to range from $1.82 to $1.88. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.81.
The company expects full-year earnings in the range of $7.23 to $7.91 per share.
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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
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