Marriott Earnings Rise but Shares Fall on Outlook
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The top U.S. hotel operator said second-quarter profit rose 11 percent, but concerns about slowing growth in North America led to a decline in its shares.
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Marriott International Inc. MAR.N,  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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WASHINGTON  â The hotel operator Marriott International said Thursday that its fourth-quarter earnings fell 20 percent, hurt by the closing of its synthetic fuel business.
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Stocks jumped on Tuesday after Lehman Brothers Holdings Inc earnings allayed worries about the depth of credit market turmoil and as investors anticipated a cut in interest rates.
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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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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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Lehman Brothers Holdings Inc.  posted a 3.2 percent decline in quarterly earnings on Tuesday as the U.S. investment bank wrote down mortgage and leveraged loan assets, but the results beat expectations and its shares jumped before the market opened.
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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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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 fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell more than 3 percent after it gave a cautious outlook.
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FedEx Corp. FDX.N on Monday raised  its earnings forecasts, citing strong demand in several of its  businesses despite concerns about the slowing growth in the  U.S. economy.
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Blog: Despite sales and earnings climb, the numbers fall short of analyst expectations. Stock pounded in after hours trading.
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Stocks to watch on Tuesday: MARRIOTT INTERNATIONAL INC. :
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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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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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NEW YORK - Stocks moved modestly higher Monday as investors discounted another technology profit warning and focused instead on positive outlooks for third- and fourth-quarter earnings.    While some investors were concerned that rising energy prices and the summer's economic slowdown would undermine third-quarter results for many companies, a new report by J.P...
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Marriott International, the largest US hotel operator, Thursday said third-quarter profit rose 45% as room rates grew faster than occupancy for the first time in three years.