Marriott International Reports Q1 Profit; Resumes Dividend - Update

(Adds dividend)

Below are the earnings highlights for Marriott International Inc. (MAR):

Earnings: $377 million in Q1 vs. -$11 million in the same period last year.
EPS: $1.14 in Q1 vs. -$0.03 in the same period last year.

Excluding items, Marriott International Inc. reported adjusted earnings of $413 million or $1.25 per share for the period.

Analysts projected $0.90 per share.

Revenue: $4.20 billion in Q1 vs. $2.32 billion in the same period last year.

As Marriott reported a turnaround to profit, it has resumed cash dividends. Accordingly, the company will pay a quarterly cash dividend of $0.30, per share on June 30, to shareholders of record on May 16.

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