October 6, 2010 - Marriott International presented its' 3rd Quarter Financial results to investors and the public.
In early July, Company officials had predicted an increase in EPS from 3rd Quarter 2009 to $0.18-$0.22 per share. The prediction was verified as Marriott reported a diluted EPS for the third quarter of $0.22 per share which was a 47% increase over the same period in 2009.
As improtant as this increase in EPS is to shareholders, of maybe more importance to the hopspitality industry as a whole is the $83 million net income reported for the third quarter 2010, compared to $466 million net loss reported at the end of the 3rd Quarter 2009. Does this signify an economic turnaround? Time will tell, but for the hospitality industry in general, it does signify that world-wide people are now traveling again, which is the life blood of Marriott and the entire hospitality industry.
Follow the link below to see the entire 3rd Quarter report:
Marriott Interntional 3rd Quarter 2010 Results
No comments:
Post a Comment