NEW YORK (TheStreet) -- Shares of Marriott International (MAR - Get Report) are decreasing 2.17% to $69.01 in after-hours trading despite the hospitality service reporting better-than-expected earnings after today's market close.
Marriott posted earnings of $1.03 per share, beating analysts estimates of 98 cents per share. The company reported revenue of $3.9 billion, meeting analysts projected revenue.
In 2015, Marriott posted earnings of 86 cents per share on revenue of $3.7 billion for the second quarter.
"While hotel performance reflected generally slower economic growth, leisure travel demand remained robust and group business performed well," said Marriott CEO Arne M. Sorenson in a statement.
The company expects its $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide (HOT) to close in the coming weeks.
Additionally, Systemwide RevPAR increased 2.9% year-over-year on a constant dollar basis.
About 3.56 million of the company's shares changed hands today vs. its average volume of 3.22 million shares per day.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate MARRIOTT INTL INC as a Buy with a ratings score of B-. 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 impressive record of earnings per share growth, revenue growth, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: MAR