Please ensure Javascript is enabled for purposes of website accessibility

Marriott reports Q2 earnings, exceeding expectations

Bethesda-based Marriott International Inc. (File photo/Marriott International)

Bethesda-based Marriott International Inc. (File photo/Marriott International)

Marriott reports Q2 earnings, exceeding expectations

Listen to this article

BETHESDA — International Inc. (MAR) on Tuesday reported second-quarter profit of $763 million.

The Bethesda-based company said it had net income of $2.78 per share. , adjusted for non-recurring gains, came to $2.65 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.

The hotel company posted revenue of $6.74 billion in the period, also exceeding Wall Street forecasts. Seven analysts surveyed by Zacks expected $6.67 billion.

For the current quarter ending in September, Marriott expects its per-share earnings to range from $2.31 to $2.39.

The company expects full-year earnings in the range of $9.85 to $10.08 per share.

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on MAR at https://www.zacks.com/ap/MAR