Marriott Int (NASDAQ:MAR) reported third quarter earnings that beat analyst's expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.7 on revenue of $5.05B. Analysts polled by expected EPS of $1.31 on revenue of $5.28B. That compared to EPS of $1.1 on revenue of $5.66B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $5.35B in the previous quarter.
For the year, Marriott Int shares are down 11.09%, under-performing the NASDAQ 100 which is up 7.86% year to date.
Marriott Int follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on Friday, with second quarter EPS of $1.4 on revenue of $12.4B. analysts expected EPS of $6.85 on revenue of $52,109M
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