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Marriott: Q2 Earnings Snapshot
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BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Monday reported second-quarter net income of $766 million.

The Bethesda, Maryland-based company said it had profit of $2.90 per share. Earnings, adjusted for non-recurring costs, were $3.19 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.

The hotel company posted revenue of $7.07 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $7.26 billion.

For the current quarter ending in September, Marriott expects its per-share earnings to range from $2.74 to $2.82.

The company expects full-year earnings in the range of $11.64 to $11.81 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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