NEW YORK (TheStreet) -- Marriott International (MAR) - Get Report shares are up 2% to $73.39 on Wednesday after the international hotel operator reported its third quarter earnings results and raised its full year earnings guidance.
The company's net income for the quarter was $192 million, or 65 cents per diluted share, 3 cents better than analysts were expecting for the period.
Revenue for the period rose 9.5% to $3.46 billion, $60 million better than the $3.4 billion analysts forecast.
The company now expects its earnings to range between between $2.48 and $2.52 from its previous guidance of between $2.40 and $2.51.
TheStreet Ratings team rates MARRIOTT INTL INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARRIOTT INTL INC (MAR) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: MAR Ratings Report