BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported fourth-quarter profit of $455 million.
The Bethesda, Maryland-based company said it had net income of $1.63 per share. Earnings, adjusted for non-recurring costs, came to $2.45 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The hotel company posted revenue of $6.43 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $6.4 billion.
For the year, the company reported profit of $2.38 billion, or $8.33 per share. Revenue was reported as $25.1 billion.
For the current quarter ending in March, Marriott expects its per-share earnings to range from $2.20 to $2.26.
The company expects full-year earnings in the range of $9.82 to $10.19 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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