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Tickers in this Article: MAR
Marriott International (NYSE:MAR) announced its results for the most recent quarter on October 3, 2012. Marriott International operates and franchises hotels and related lodging facilities throughout the world.

A business' earnings are the main determinant of its share price because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. SEE: 12 Things You Need To Know About Financial Statements

The Numbers: Marriott International managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported 44 cents per share versus the 40 cents per share estimate and revenues of $2.73 billion versus the $2.84 billion estimate. Last quarter marks the third in a row in which the company has seen falling revenue on a year-over-year basis. Marriott International reported net income of $143 million during the third quarter.

Management Quote: Arne M. Sorenson, president and chief executive officer of Marriott International, said, "We were pleased with our third quarter performance. Pricing power continued to improve in the quarter as hotel occupancy levels approached prior peaks. Group revenue at comparable Marriott Hotels and Resorts in North America rose eight percent in the third quarter with room rates up three percent. Transient REVPAR rose six percent with strong last-minute retail demand and reduced discounting."

Looking Ahead: Next quarter's results are expected to be more favorable for the company. Over the past 60 days, the average estimate for the fourth quarter has reached 57 cents per share, up from 55 cents. Increasing earnings estimate is a positive sign about the company and it typically leads a increase in the stock price. Over the past three months, the average estimate for the fiscal year has climbed from $1.64 per to share to $1.70.

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