Marriott Int'l. (MAR) Tops Q4 EPS by 3c, Offers Q1, FY15 Guidance

First Quarter 2015

Full Year 2015

Total fee revenue

$440 million to $450 million

$1,875 million to $1,915 million

Owned, leased and other revenue, net of direct expenses

Approx. $60 million

Approx. $250 million

Depreciation, amortization, and other expenses

Approx. $30 million

Approx. $135 million

General, administrative, and other expenses

$150 million to $155 million

$635 million to $645 million

Operating income

$315 million to $330 million

$1,345 million to $1,395 million

Gains and other income

Approx. $0 million

Approx. $0 million

Net interest expense1

Approx. $30 million

Approx. $135 million

Equity in earnings (losses)

Approx. $0 million

Approx. $5 million

Earnings per share

$0.68 to $0.72

$3.00 to $3.12

Tax rate

32.3 percent