Marriott International (MAR - Free Report) released its fourth quarter 2016 financial results, posting earnings of $0.85 per share and revenues of $5.46 billion. Currently, MAR is a Zacks Rank #3 (HOLD) and is up 0.06% to $90.00 per share in after-hours trading on Wednesday.

Beat earnings estimates. The company posted earnings of $0.85 per share, topping the Zacks Consensus Estimate of $0.83 per share, which excludes $0.23 from non-recurring items.

Beat revenue estimates. The company saw revenue figures of $5.46 billion, beating our consensus estimate of $4.89 billion.

Marriott’s fourth quarter net income of $244 million was 21% higher year-over-year. The company’s EBITDA totaled $756 million the fourth quarter, an 11% increase year-over-year.

Marriott repurchased 8 million shares of its common stocking totaling $573 million, which includes 4.3 million shares for $348 million in the fourth quarter alone. And in late September 2016, Marriott finalized its acquisition of Starwood Hotels & Resorts Worldwide.

"The company delivered record high fee revenues in 2016, boosted by significant unit growth,” said President and CEO Arne M. Sorenson in a press release.

“We added 11 leading brands to our portfolio as a result of the acquisition and welcomed the 6,000th hotel to our system.Together with owners and franchisees, Marriott and Starwood added more than 68,000 rooms during the year and, despite a tightening credit market, drove our pipeline of hotels under development to more than 420,000 rooms.”

Here’s a graph that looks at Marriott’s Price, Consensus and EPS Surprise.

Marriott International Price, Consensus and EPS Surprise

Marriott International Price, Consensus and EPS Surprise | Marriott International Quote

Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.