Marriott Q3 Profit Tops Estimate

(RTTNews) - Marriott International, Inc. (MAR) reported net income for the third quarter of $192 million or $0.65 per share, compared to $160 million or $0.52 per share for the year-ago quarter.

Total revenue for the third quarter rose to $3.46 billion from $3.16 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.62 per share on revenue of $3.43 billion for the third quarter.

Looking forward to the fourth quarter, the company expects fee revenue of $425 million to $435 million and earnings of $0.62 to $0.66 per share. Analysts currently expect the company to earn $0.64 per share for the fourth quarter.

For the full year 2014, the company now expects fee revenue of $1.714 billion to $1.724 billion and earnings of $2.48 to $2.52 per share. Previously, the company expected earnings of $2.40 to $2.51 per share. Analysts currently expect the company to earn $2.50 per share for the full year 2014.