Marriott Q4 Earnings Beat, Revenue Tops Estimates

BETHESDA, Md. - Marriott International Inc. (MAR) reported a fourth-quarter profit of $455 million, exceeding Wall Street expectations. The company's net income was $1.63 per share, with adjusted earnings reaching $2.45 per share.

Analysts polled by Zacks Investment Research estimated earnings of $2.38 per share. Marriott also surpassed revenue forecasts with $6.43 billion, while analysts predicted $6.4 billion.

For the year, Marriott recorded a profit of $2.38 billion ($8.33 per share) and revenue of $25.1 billion.

For the current quarter ending in March, Marriott anticipates earnings per share between $2.20 and $2.26. Full-year earnings are projected to range from $9.82 to $10.19 per share.