Marriott: exceeds expectations in Q3.
(CercleFinance.com) - On Tuesday evening Marriott unveiled Q3 2017 EPS that quadrupled y-o-y at 1.
04 dollar.
Adjusted EPS increased by 26% to 1.10 dollar, while the consensus was expecting slightly under one dollar.
The hotel chain's adjusted EBITDA increased 64% to 831 million dollars, on total revenues that rose 44% to almost 5.7 billion dollars, thanks to the integration of Starwood in the group's consolidation scope after its acquisition was finalized in September 2016.
For FY 2017, Marriott's management expects EPS of between 4.22 dollars and 4.24 dollars, in addition to adjusted EBITDA of 3,287 million to 3,297 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
04 dollar.
Adjusted EPS increased by 26% to 1.10 dollar, while the consensus was expecting slightly under one dollar.
The hotel chain's adjusted EBITDA increased 64% to 831 million dollars, on total revenues that rose 44% to almost 5.7 billion dollars, thanks to the integration of Starwood in the group's consolidation scope after its acquisition was finalized in September 2016.
For FY 2017, Marriott's management expects EPS of between 4.22 dollars and 4.24 dollars, in addition to adjusted EBITDA of 3,287 million to 3,297 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.