Marriott Int'l Q2 Profit Rises - Quick Facts

(RTTNews) - Marriott International, Inc. (MAR) Wednesday reported second-quarter profit of $179 million or $0.57 per share, up from $143 million or $0.42 per share in the same period last year.

On average, 30 analysts polled by Thomson Reuters expected the company to earn $0.57 per share for the quarter. Analysts' estimates typically exclude special items. Revenues increased 18 percent to $3.3 billion from $2.8 billion last year. Analysts expected revenues of $3.21 billion.

Comparable worldwide RevPAR for the quarter was $129.59, compared to $171.43 last year. On a constant dollar basis, worldwide comparable systemwide REVPAR rose 4.7 percent.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.42 to $0.46 per share. Analysts currently expect the company to earn $0.49 per share for the third quarter.

For the fiscal 2013, the company currently projects earnings in the order of $1.92 to $2.03 per share, compared to its previous guidance range of $1.93 to $2.08 per share. Analysts currently expect the company to report full-year earnings of $2.04 per share.

On a constant dollar basis, comparable systemwide RevPAR growth is expected to range from 4.5 percent to 6 percent.