Marriott International, Inc., (MAR): Founded in 1971, based in Bethesda, Maryland, Marriott International is a hospitality company. The company has more than 3,100 lodging properties in United States and 65 other countries and territories across 17 lodging and vacation resort ownership brands.
Marriott International reported its second quarter results on July 16, 2009. The 2009 adjusted income from continuing operations attributable to Marriott of $84 million, a 56 percent decline over the year-ago quarter, and adjusted diluted earnings per share from continuing operations attributable to Marriott shareholders of 23 cents, down 55 percent. The company's EPS guidance for the 2009 second quarter, disclosed on April 23 total 20 to 23 cents. Market was expecting a profit of 21 cents.
Market is expecting a profit of 13 cents per share for the third quarter ended September 2009, which is 21 cents less than its actual profit of 34 cents a share in the same quarter a year ago.
MAR is in my SHORT sell watch list for short term trading. The company is scheduled to release its earnings for the quarter ended September 2009 on Thursday October 8, 2009 before market open.
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