Marriott (NASDAQ: MAR) reported Q1 EPS of $1.01, $0.10 better than the analyst estimate of $0.91. Revenue for the quarter came in at $5.56 billion versus the consensus estimate of $5.29 billion.

• First quarter reported diluted EPS totaled $0.94, an 11 percent increase over prior year results. First quarter adjusted diluted EPS totaled $1.01, a 38 percent increase over first quarter 2016 combined results. Adjusted 2017 first quarter results exclude merger-related costs. Combined 2016 first quarter results assume Marriott\'s acquisition of Starwood and Starwood\'s sale of its timeshare business had been completed on January 1, 2015;
• Both North American and worldwide comparable systemwide constant dollar RevPAR rose 3.1 percent in the 2017 first quarter;
• The company added more than 17,000 rooms during the first quarter, including roughly 3,300 rooms converted from competitor brands and 6,400 rooms in international markets;
• At quarter-end, Marriott\'s worldwide development pipeline increased to more than 430,000 rooms, including roughly 36,000 rooms approved, but not yet subject to signed contracts;
• First quarter reported net income totaled $365 million, a 67 percent increase over prior year results. First quarter adjusted net income totaled $395 million, a 36 percent increase over prior year combined results;
• Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $750 million in the quarter, a 64 percent increase over first quarter 2016 adjusted EBITDA and a 10 percent increase over first quarter 2016 combined adjusted EBITDA;
• Marriott repurchased 6.7 million shares of the company\'s common stock for $575 million during the first quarter. Year-to-date through May 8, the company repurchased 10.4 million shares for $925 million.

Sees Q2 EPS of $0.99-$1.03 and FY 2017 EPS of $3.92-$4.09, versus consensus of $1.02 and $3.94.

For earnings history and earnings-related data on Marriott (MAR) click here.