Marriott (MAR) Tops Q4 EPS by 12c, Offers Outlook
Marriott (NASDAQ: MAR) reported Q4 EPS of $1.12, $0.12 better than the analyst estimate of $1.00. Revenue for the quarter came in at $5.88 billion versus the consensus estimate of $5.63 billion.
2018 Full Year Outlook Both Including and Excluding the Impact of the New Revenue Standard
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Full Year 2018 Outlook1 | Full Year 2018 Excluding the Impact of the New Revenue Standard1 | |
Fee revenues | $3,535 million to $3,620 million | $3,560 million to $3,645 million |
Contract Investment Amortization | Approx. $55 million | Approx. $0 |
Owned, leased, and other revenue, net of direct expenses | $285 million to $295 million | $310 million to $320 million |
Depreciation, amortization, and other expenses | Approx. $230 million | Approx. $295 million |
General, administrative, and other expenses | $935 million to $945 million | $925 million to $935 million |
Operating income | $2,590 million to $2,695 million | $2,640 million to $2,745 million |
Gains and other income | Approx. $45 million | Approx. $45 million |
Net interest expense2 | Approx. $305 million | Approx. $305 million |
Equity in earnings (losses) | Approx. $40 million | Approx. $40 million |
Earnings per share3 | $5.11 to $5.34 | $5.22 to $5.45 |
Tax rate4 | 22 percent | |
For earnings history and earnings-related data on Marriott (MAR) click here.