NEW YORK (TheStreet) -- Shares of Marriott International Inc. (MAR) - Get Report are flat in after-hours trading on Wednesday, after the global hotel company released its 2015 second quarter earnings results.
For the most recent quarter the company posted adjusted earnings of 82 cents per share on revenue of $3.69 billion.
Analysts surveyed by Thomson Reuters were expecting Marriott to report earnings of 81 cents per share on revenue of $3.72 billion for the quarter ended June 30.
Last year, Marriott said its adjusted earnings came in at 71 cents per diluted share on revenue of $3.48 billion for the 2014 second quarter.
"We were pleased with our results in the quarter. Our worldwide RevPAR grew over 5% and rooms' growth increased more than 6%. With many hotels reporting peak occupancy rates, room rates continue to move higher," Marriott CEO Arne Sorenson said in a statement.
Separately, 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 a few notable strengths, 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, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: MAR Ratings Report