Marriott (MAR) Tops Q3 EPS by 2c

Marriott (NASDAQ: MAR) reported Q3 EPS of $0.91, $0.02 better than the analyst estimate of $0.89. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $4.15 billion.

Third quarter worldwide incentive management fees increased 19 percent to $81 million, primarily due to $4 million related to the eight days of Starwood's results in the quarter, higher RevPAR and house profit margins, as well as increased international distribution, partially offset by $2 million of unfavorable foreign exchange.

GUIDANCE:

Marriott sees Q4 2016 EPS of $0.80-$0.85, versus the consensus of $0.88.

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

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