Marriott earnings rise but shares fall on outlook
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Marriott International Inc. , the top U.S. hotel operator, said on Thursday that second-quarter profit rose a better-than-expected 11 percent, but concerns about slowing growth in North America led to a decline in its shares.
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Marriott International Inc. , the largest U.S. hotel operator, on Thursday said third-quarter profit rose 45 percent as business travel continued to perk up after three years of stagnation.
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Lehman Brothers Holdings Inc  said on Tuesday quarterly earnings fell 3.2 percent on writedowns linked to mortgages and leveraged loans, but its shares rose as the results beat expectations and the investment bank said the worst of the credit correction was over.
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Goldman Sachs Group Inc  said on Tuesday its fourth-quarter earnings rose as a timely bet against subprime mortgages and higher investment banking fees helped it sidestep the credit crunch that hammered the rest of Wall Street.
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Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. said fiscal third-quarter earnings rose more than expected, led by gains in bond and commodities trading and higher fees from mergers and acquisitions advice.
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Marriott International met Wall Street's lowered expectations for fourth-quarter profit, but in another sign that the industry's boom times are ending, the company slashed its outlook for growth this year as concerns mount that the slumping economy is slowing down leisure travel.
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update Earnings per share rise compared with a year ago, but company misses analysts' expectations by a long shot.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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Stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc  calmed investors' fears about the recent credit turmoil as investors anticipated an interest rate cut.
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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  but its shares fell as investors failed to account for the  effect of the expensing of stock-based compensation in  assessing the earnings.
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U.S. share markets are expected to open firmer on Friday, rebounding from multi-week lows ahead of the holiday weekend and next week's earnings deluge.
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Hotel operator Marriott International Inc. said its third-quarter earnings rose 45 percent as growing demand for rooms helped drive revenue up 9 percent.
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FedEx Corp  reported on Thursday a higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down more than 2 percent.
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NEW YORK - Strong earnings from financial services companies and upbeat economic data pushed stocks higher Tuesday, but many investors clung to the sidelines ahead of the Federal Reserve's decision on interest rates, expected later in the session.    Investors may be seeing some buying opportunities after Monday, when gloomy outlooks from the consumer staples group weighed heavily on the market; a strong reading on new housing construction provided additional incentive...
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Shares of Marriott International Inc.  MAR.N fell 3 percent before the bell on Tuesday after the  largest U.S. hotel operator reported higher fourth-quarter  profit but forecast full-year earnings below average analyst  estimates.
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LOS ANGELES/NEW YORK  - Hilton Hotels Corp.  HLT.N on Monday said fourth-quarter net earnings fell, but  revenue per room rose as increased travel fueled higher room  rates -- a trend that is expected to pick up this year.
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Earnings expectations were trounced, but projections don't measure up.