.44 vs. 40 estimate. For 2012, raised median range to 1.68-1.72, from 1.69 consencus. Adding another 30k rooms in 2013. Overall, looks like a good report. Would expect MAR to outperform the market, with exception to economic crisis. I think anything under 40 is a good buy.
Enjoy the brief moment because it will not last. While they beat on EPS, the company fell short on average revenue estimate of $2.84 billion. Also, the turmoil in the Middle East will not subside and I believe will get worse and this will affect travel.
According to yahoo, 17 analysts had revenue pegged at 2.65B. Revenue came in at 2.7B. As far as Iran is concerned, the market is starting to price in a new regime in Iran. Which, according to some, would lift certain sanctions including Iranian oil. I think oil was down almost $4 today. More oil on the market lowers oil prices. Good for everyone.