From BloombergBusinessWeek:
Results Fall Short of Analyst Expectations
Marriott International Inc. said Wednesday its fourth-quarter net income fell 18 percent, hurt by a one-time charge tied to the spinoff of its timeshare business. The Bethesda, Md., company earned $141 million, or 41 cents per share, compared with $173 million, or 46 cents per share, a year earlier. Taking out one-time items in both periods, it earned $159 million, or 46 cents per share, compared with $135 million, or 35 cents per share in the fourth-quarter of 2010. Revenue inched higher to $3.69 billion from $3.64 billion the year before. Click here for the full story.