Marriott: Q2 above expectations

(CercleFinance.com) - On Monday evening, Marriott International announced Q2 2018 EPS that is up 34% at 1.
71 dollar.

Adjusted EPS rose by 56% to 1.73 dollar, easily beating the consensus of under 1.40 dollar.

Arne M. Sorenson, president and chief executive officer of Marriott International, said, “RevPAR grew nearly 4 percent in the second quarter, with particularly strong transient demand in many markets outside North America.”

The hotel chain estimates FY 2018 adjusted EBITDA of between 3.45 billion and 3.495 billion dollars, up 10% to 12% relative to the previous year.



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