Marriott International Q3 Profit Falls Despite Rise In Revenues

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October 6, 2007 |

Marriott International Q3 Profit Falls Despite Rise In Revenues

Oct 4th, 2007 Marriott International, Inc. reported third quarter net income of $131 million or $0.33 per share, compared to $141 million or $0.33 per share in the year ago quarter. The company’s third quarter adjusted net income of $122 million or $0.31 per share were lower than $144 million or $0.34 per share in the same quarter prior year.
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On average, 20 analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.30 per share for the quarter.
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Revenues for the quarter were $3.0 billion, an increase of 12% from $2.7 billion in the prior year quarter. Wall Street analysts estimated revenues of $2.86 billion.
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