Marriott Posts First-Quarter Profit
From Business Week:
Marriott Posts First-Quarter Profit
Marriott International Inc., the largest U.S. hotel chain, reported a profit for the first quarter as revenue rose and charges weren’t repeated. Net income in the 12 weeks ended March 26 was $83 million, or 22 cents a share, compared with a loss of $23 million, or 6 cents, a year earlier, the Bethesda, Maryland-based company said in a statement today. Earnings beat the average estimate of about 20 cents from 17 analysts in a Bloomberg survey. Click here for the full story.
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