Marriott: beats consensus in Q2.
(CercleFinance.com) - On Monday evening Marriott International reported a 13% increase in Q2 EPS to 1.
08 dollar.
Adjusted for items relating to the group's merger with Starwood, EPS rose by 35% to 1.13 dollar, against the consensus of 1.01 dollar.
The hotel chain saw its revenues soar by almost 50% to 5.8 billion dollars. The average revenue per room (RevPAR) rose by 2.2% globally and the group increased its number of rooms by 16,000 over the quarter.
Looking ahead, Marriott's management expects EPS of 96 cents to 99 cents over the current quarter, with FY 2017 EPS of between 4.06 dollars and 4.18 dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
08 dollar.
Adjusted for items relating to the group's merger with Starwood, EPS rose by 35% to 1.13 dollar, against the consensus of 1.01 dollar.
The hotel chain saw its revenues soar by almost 50% to 5.8 billion dollars. The average revenue per room (RevPAR) rose by 2.2% globally and the group increased its number of rooms by 16,000 over the quarter.
Looking ahead, Marriott's management expects EPS of 96 cents to 99 cents over the current quarter, with FY 2017 EPS of between 4.06 dollars and 4.18 dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.