Marriott shares rise on company’s earnings, sales beat

Shares of Marriott International Inc. rose more than 1% late Wednesday after the hotel chain posted better-than-expected fourth-quarter results. Marriott said it earned $201 million, or 54 cents a share, in the quarter, compared with $244 million, or 62 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $415 million, or $1.12 a share, compared with $334 million a year ago. Revenue rose to $5.9 billion, from $5.5 billion a year ago. Analysts polled by FactSet had expected Marriott to post adjusted earnings of $1.01 a share on sales of $5.7 billion.

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