Marriott International Earnings: Here’s Why Investors are Excited Now
Marriott International, Inc. (NYSE:MAR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.07%.
Marriott International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 43.33% to $0.43 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 23.12% to $3.14 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Marriott International, Inc. reported adjusted EPS income of $0.43 per share. By that measure, the company beat the mean analyst estimate of $0.4. It beat the average revenue estimate of $2.81 billion.
Quoting Management: Arne M. Sorenson, president and chief executive officer of Marriott International, said, “Our business has seen dramatic recovery in the past few years. In fact, in the first quarter of 2013, we exceeded peak 2007 levels for fee revenue and North American systemwide REVPAR. Our worldwide development pipeline also reached a record level. We are more global than ever having grown our system outside the U.S. by nearly 40 percent in the past 6 years.”
Key Stats (on next page)…