Marriott: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 07:21 AM ET
Last Updated - Feb 13, 2024, 07:21 AM EST
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Tuesday reported fourth-quarter earnings of $848 million.
The Bethesda, Maryland-based company said it had net income of $2.87 per share. Earnings, adjusted for non-recurring costs, were $3.57 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The hotel company posted revenue of $6.1 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $6.32 billion.
