Marriott International Inc. Q2 Profit Beats Estimates

(RTTNews) - Marriott International Inc. (MAR) released a profit for second quarter that beat the Street estimates.

The company's earnings came in at $763 million, or $2.78 per share. This compares with $772 million, or $2.69 per share, last year.

Excluding items, Marriott International Inc. reported adjusted earnings of $728 million or $2.65 per share for the period.

Analysts on average had expected the company to earn $2.62 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.7% to $6.744 billion from $6.439 billion last year.

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

-Earnings: $763 Mln. vs. $772 Mln. last year. -EPS: $2.78 vs. $2.69 last year. -Revenue: $6.744 Bln vs. $6.439 Bln last year.

-Guidance: Next quarter EPS guidance: $2.31 to $2.39 Full year EPS guidance: $9.85 to $10.08