Marriott: Q3 Earnings Snapshot

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Monday reported third-quarter profit of $794 million.

The Bethesda, Maryland-based company said it had profit of $3.04 per share. Earnings, adjusted for non-recurring gains, were $3.02 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share.

The hotel company posted revenue of $7.01 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $7.04 billion.

For the current quarter ending in December, Marriott expects its per-share earnings to range from $3.14 to $3.21.

The company expects full-year earnings in the range of $12.07 to $12.14 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