Marriott (MAR) Tops Q3 EPS by 2c

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Go back to Marriott (MAR) Tops Q3 EPS by 2c

Marriott International Reports Third Quarter 2016 Results

November 7, 2016 4:30 PM EST

BETHESDA, Md., Nov. 7, 2016 /PRNewswire/ --

HIGHLIGHTS

Marriott International's acquisition of Starwood Hotels & Resorts Worldwide closed on September 23, 2016.  At quarter-end, the company had nearly 1.6 million rooms open or in the development pipeline; Third quarter reported diluted EPS totaled $0.26, a 67 percent decrease over prior year results. Third quarter adjusted diluted EPS totaled $0.91, a 17 percent increase over prior year results. Adjusted third quarter results exclude merger-related costs and eight days of Starwood Hotels & Resorts Worldwide's results in the quarter; On a pro forma... More