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Marriott International Inc. Q3 Profit Increases, beats estimates

Marriott International Inc. (MAR) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $630 million, or $1.94 per share. This compares with $220 million, or $0.67 per share, in last year's third quarter.

Excluding items, Marriott International Inc. reported adjusted earnings of $551 million or $1.69 per share for the period.

Analysts on average had expected the company to earn $1.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 34.4% to $5.31 billion from $3.95 billion last year.

Marriott International Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $630 Mln. vs. $220 Mln. last year.
-EPS (Q3): $1.94 vs. $0.67 last year.
-Analyst Estimate: $1.68
-Revenue (Q3): $5.31 Bln vs. $3.95 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.77 to $1.84
Full year EPS guidance: $6.51 to $6.58

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