Marriott International says revenue, net income up in 3rd quarter

Summary Box: Marriott reports upswing in 3Q

BOTTOM LINE: Marriott International Inc. reported net income of earned $83 million, or 23 cents per share, in the third quarter. That’s up from a loss of $466 million, or $1.31 per share, last year when it recorded a big charge to write down the value of its time-shares.

THE EXPECTATIONS: Analysts polled by Thomson Reuters expected earnings of 22 cents per share on revenue of $2.66 billion.

THE OUTLOOK: Marriot said it expects to earn 33 to 36 cents per share for the fourth quarter and $1.09 to $1.12 per share for the full year. Analysts expect 36 cents per share for the quarter and $1.12 for the year.