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Provider: Thomson Reuters Stock Report
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Marriott International Inc Issues Q4 2013 EBIT Guidance Below Analysts' Estimates; Updates FY 2013 EBITDA Guidance

Wednesday, 30 Oct 2013 04:30pm EDT 

Marriott International Inc announced that for fourth quarter of 2013, it expects operating profit could total $235-$250 million compared to $309 million in the prior year quarter. The company expects fiscal 2013 EBITDA will total $1.173 million to $1.188 million. Excluding the $41 million Courtyard joint venture gain from 2012 EBITDA, the company expects fiscal 2013 EBITDA to increase 6% to 8% year-over-year. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBIT of $274 million for fourth quarter of 2013; EBITDA of $1.186 billion for fiscal 2013. 

Company Quote

-1.28 -1.54%
2:50pm EST