Marriott International 3Q EPS 65C, sees 4Q EPS at 95C-98C
*MAR higher October 6th by +0.85%...
Market Pulse: Marriott International 3Q EPS 65C, sees 4Q EPS at 95C-98C Thursday October 6, 6:32 am ET By Sarah Turner
LONDON (MarketWatch) -- Hotels Group Marriott International Inc. reported third-quarter earnings per share of 65 cents a share, or 70 cents a share excluding an impairment charge related to a Delta Air Lines aircraft lease. Analysts polled by Thomson First Call has pegged earnings at 64 cents a share, from 55 cents a year ago. The company said the results reflected particularly strong performances in New York City, Washington, D.C., St. Louis, Florida, and Southern California. Third-quarter REVPAR for North American properties rose 8.8% while revenue rose 18% to $2.7 billion. For the fourth quarter, the company expects to report earnings per share in a range of 95 cents to 98 cents, or 83 cents to 86 cents excluding Synfuel operations, while full year earnings are pegged at between $3.09 to $3.12, or $2.58 to $2.61 excluding Synfuel. Earnings are expected to be between $3 and $3.10 excluding Synfuel in 2006.
Market Data 
Markets 
AI
