Marriott fourth-quarter net in-line with Street

MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Marriott International Inc. said late Wednesday . The hotel operator reported fourth-quarter earnings of $151 million, or 49 cents a share, down from $181 million, or 56 cents a share, in the year-ago period. Revenue declined to $3.22 billion from $3.78 billion in the year-ago period. Analysts surveyed by FactSet had forecast fourth-quarter earnings of 49 cents a share on revenue of $3.37 billion. Marriott forecast earnings of 47 cents to 52 cents a share for the first quarter. Analysts expect 51 cents a share. Shares of Marriott fell 1.1% to $51 on moderate volume.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.