Marriott posts 7.4% increase in second-quarter earnings

BY THE NUMBERS

July 09, 1992

This Bethesda-based hotelier reported net income of $29 million, or 24 cents a share, for the quarter that ended June 19. That compared with a profit of $27 million, or 27 cents a share, in the same period a year ago.

Marriott said yesterday that earnings were affected by several factors, including the operating results and interest expenses associated with recently opened hotels and senior citizen residences; and the issuance of preferred stock in 1991.

J. W. Marriott Jr., chairman and president, said the airfare war should help the company in the third quarter.

Three months ended 6/19/92

.. ..Revenue... .. ... .. Net... ... ... ... ... Share

'92 .2,036,000,000.. .. .29,000,000.. ... .... 0.24

'91 .1,940,000,000... .. 27,000,000.. ... .. ..0.27

% change +4.9... ... ... .. +7.4... ... .. .. ... -11.1

Six months ended 6/14/91

... ..Revenue... ... ... ... Net... ... ... ... Share

'92 ..3,989,000,000 .. .. ..40,000,000 .. .. .$0.31

..3,767,000,000 .. .. ..37,000,000 .. .. .0.37

change +5.9.. ... ... .. ... +8.1... ... ... .-16.2

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.