Marriott Earnings in Line With Expectations

Marriott International

(MAR) - Get Report

reported earnings on Tuesday that were in line with analysts' estimates.

The Bethesda, Md., hotel chain posted net income of $149 million, or 59 cents a share, up from $90 million, or 44 cents a share, excluding a charge, in fourth-quarter 1999. Thirteen analysts polled by

First Call/Thomson Financial

offered a consensus earnings estimate of 59 cents for the quarter.

Revenue increased 12% to $3.2 billion from $2.8 billion in the year-ago period.

Marriott stuck with its full-year earnings estimate of $2.17 a share in 2001. The First Call estimate is the same.

In recent trading on the

New York Stock Exchange

, Marriott was down $1.69, or 3.8%, to $43.30.