Marriott: Q2 Earnings Snapshot

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported second-quarter profit of $763 million.

The Bethesda, Maryland-based company said it had net income of $2.78 per share. Earnings, adjusted for non-recurring gains, came to $2.65 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.

The hotel company posted revenue of $6.74 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $6.67 billion.

For the current quarter ending in September, Marriott expects its per-share earnings to range from $2.31 to $2.39.

The company expects full-year earnings in the range of $9.85 to $10.08 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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