BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported fourth-quarter profit of $445 million.
The Bethesda, Maryland-based company said it had profit of $1.65 per share. Earnings, adjusted for non-recurring costs, were $2.58 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.
The hotel company posted revenue of $6.69 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.68 billion.
For the year, the company reported profit of $2.6 billion, or $9.51 per share. Revenue was reported as $26.19 billion.
For the current quarter ending in March, Marriott expects its per-share earnings to range from $2.50 to $2.55.
The company expects full-year earnings in the range of $11.32 to $11.57 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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