BETHESDA, Md. (AP) _ MARRIOTT INTL-A (MAR) on Friday reported first-quarter earnings of $375 million.
On a per-share basis, the Bethesda, Maryland-based company said it had net income of $1.09. Earnings, adjusted for non-recurring costs, came to $1.41 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The company posted revenue of $5.01 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $5.12 billion.
MARRIOTT INTL-A expects full-year earnings to be $5.97 to $6.19 per share.
MARRIOTT INTL-A shares have risen 25% since the beginning of the year, while the Standard & Poor's 500 index has increased 15%. The stock has declined roughly 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAR at https://www.zacks.com/ap/MAR