Marriott International Inc. Q2 Profit Increases, Beats Estimates

July 31, 2024 — 07:16 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Marriott International Inc. (MAR) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $772 million, or $2.69 per share. This compares with $726 million, or $2.38 per share, in last year's second quarter.

Excluding items, Marriott International Inc. reported adjusted earnings of $716 million or $2.50 per share for the period.

Analysts on average had expected the company to earn $2.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $6.439 billion from $6.075 billion last year.

Marriott International Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $772 Mln. vs. $726 Mln. last year. -EPS (Q2): $2.69 vs. $2.38 last year. -Revenue (Q2): $6.439 Bln vs. $6.075 Bln last year.

-Guidance: Next quarter EPS guidance: $2.27 to $2.33 Full year EPS guidance: $9.23 to $9.40

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Marriott International Inc. Q2 Profit Increases, Beats Estimates

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