Las Vegas Sun

November 30, 2009

Currently: 60° | Complete forecast | Log in

Earnings up 45 percent

Thursday, Oct. 7, 2004 | 9:13 a.m.

COLLEGE PARK, Md. -- Hotel operator Marriott International Inc. said its third-quarter earnings rose 45 percent as growing demand for rooms helped drive revenue up 9 percent.

The Bethesda-based lodging giant reported Thursday earnings of $133 million, or 56 cents per share, for the quarter ending Sept. 10. That was up sharply from the $92 million, or 37 cents per share, Marriott earned in the same quarter of 2003.

The third-quarter results narrowly beat the consensus estimate of 55 cents per share made by analysts surveyed by Thomson First Call.

Marriott said summer lodgers and a continuing improvement of the business travel market contributed to $2.2 billion in third-quarter revenue.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Calendar »

  • 30 Mon
  • 1 Tue
  • 2 Wed
  • 3 Thu
  • 4 Fri