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Marriott International

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Marriott International (MAR) said that earnings per share could hit $2.75 by 2013. The estimate is part of a range of ambitious growth forecasts for the next three years. The company said that it expects to add as many as 90,000 hotel rooms to its portfolio from 2011 to 2013, with additional...
As travel picks up, Marriott International posted a third-quarter profit of $83 million, up from a loss of $466 million in the year-ago quarter. But shares are down after the company forecast that fourth-quarter earnings might be less than analysts expect.
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Hotel chain Marriott beat Wall Street expectations, turning in a 31 cent earnings-per-share increase and a 42% rise in net income for the second quarter. The strong results reflect a travel rebound supporting firmer rates and occupancy.
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