On Thursday, Shares of Marriott International Inc (NASDAQ:MAR), gained 0.12% to $76.98.
Marriott International, stated third quarter 2015 results.
Third quarter 2015 net income totaled $210 million, a 9 percent improvement over 2014 third quarter net income. Diluted earnings per share (EPS) in the third quarter totaled $0.78, a 20 percent improvement from diluted EPS in the year-ago quarter. On July 29, 2015, the company forecasted third quarter diluted EPS of $0.72 to $0.76.
Arne M. Sorenson, president and chief executive officer of Marriott International, said, “Our company posted solid performance in the third quarter. North American systemwide RevPAR rose over 4 percent despite the impact of unfavorable holiday shifts on our group business contrast to the year-ago quarter. Our hotels are full with occupancy at nearly 78 percent allowing us to continue to raise rates and reduce lower-rated business to drive RevPAR.
For the 2015 third quarter, RevPAR for worldwide comparable systemwide properties raised 4.5 percent (a 2.2 percent improvement using actual dollars).
Marriott International, Inc. is a diversified global lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations.
Shares of Ericsson (ADR) (NASDAQ:ERIC), inclined 1.46% to $9.71, during its last trading session.
One of Brazil`s largest insurance companies, Porto Seguro, has turned to Ericsson (ERIC) to upgrade its operator network to bring subscribers the latest in communications capabilities. Its mobile virtual network operator (MVNO) Porto Seguro Conecta was established in 2012. Initially, its operations were solely concentrated on communication between machine-to-machine devices, though these were expanded in 2013 to offer data and voice services to subscribers. This is an example of the transformative effect that ICT can have on other industries.
Porto Seguro Conecta`s mobile network is used by 297,000 subscribers across Brazil. With this contract, the service offering to subscribers will expand to comprise LTE, the world`s fastest commercial mobile broadband technology, and will be able to support Voice over LTE when launched. Ericsson will provide the operator with the latest software upgrades to ensure a high performing network. The contract comprises the Ericsson Evolved Packet Core, IP Multimedia Subsystem, Business Support Systems, on-site operations, and customer support.
For the next three years, Ericsson will provide customer support and managed services to the MVNO. The network is predictable to be launched by the end of 2015.
Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services.
Finally, Shares of Interface, Inc. (NASDAQ:TILE), ended its last trade with -16.56% loss, and closed at $19.50.
Interface, declared that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share, payable November 27, 2015 to shareholders of record as of November 13, 2015.
Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company’s revenues are derived from sales of floor covering products, primarily modular carpet.