Marriott InternationalInc. saw a 19% jump in its first-quarter adjusted EPS, which rose to87 cents from 73 cents in the first quarter of 2015.
Including $7 million, or 2 cents per share, of costs relatedto Marriott's pending acquisitionof Starwood Hotels & Resorts WorldwideInc., net income totaled $219 million, or 85 cents per share, comparedto $207 million, or 73 cents per share, in 2015.
Adjusted for these costs, first-quarter net income totaled $226million.
The S&P Capital IQ consensus EPS estimate for the first quarterwas 83 cents.
Marriott issued second-quarter EPS guidance of 96 cents to $1.00.The company said that due to the uncertainty of the timing of its acquisition ofStarwood, it would not provide full-year EPS guidance.
The S&P Capital IQ consensus EPS estimate for the secondquarter is $1.02.
In the second quarter, the company expects comparable systemwideRevPAR on a constant-dollar basis will increase 3% to 5% in North America, 2% to4% outside North America and 3% to 5% worldwide.
For the full year, Marriott expects comparable systemwide RevPARon a constant-dollar basis will increase 3% to 5% in North America, outside NorthAmerica and worldwide.