Marriott (MAR), Exelon (EXC) profits rise sharply in third quarter

Marriott International (NASDAQ: MAR) and Exelon Corporation (NASDAQ: EXC) on Wednesday reported strong third-quarter revenue growth, helped by the reopening of markets.

MAR stock was priced at US$161.245, up 0.74%, and the EXC stock traded at US$54.57, up 1.54%, at 10:10 am ET from their previous close.

Quarterly earnings highlights:

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Marriott International (NASDAQ: MAR)

Marriott International is a Bethesda, Maryland-based company and operates, franchises, and owns hotels and other properties.

The company's revenue surged 75% YoY to US$3.94 billion in Q3, FY21. Its operating income was US$545 million, up 116%, from US$252 million in the year-ago quarter.

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The company's net income came in at US$220 million, or US$0.67 per diluted share, compared to US$100 million, or US$0.31 per diluted share, in Q3, FY20.

Its adjusted earnings surged 662% YoY to US$0.99 per diluted share in Q3, FY21.

Marriott International has a market cap of US$52.53 billion, a P/E ratio of 152.18, and a forward P/E one year of 55.38. Its EPS is US$1.06.

The 52-week highest and lowest stock prices were US$162.31 and US$93.89, respectively. Its trading volume was 2,616,123 on Nov 2.

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Exelon Corporation (NASDAQ: EXC)

Exelon Corporation is a utility holding company based in Chicago, Illinois, and has interests in energy generation.

On a GAAP basis, the firm's operating revenue was US$8.91 billion in Q3, FY21, compared to US$8.85 billion in the same quarter of the previous year. Its operating income came in at US$1.85 billion in the period compared to US$769 million in the third quarter of fiscal 2020.

Exelon's net income was US$1.22 billion, or US$1.23 per diluted share, compared to US$569 million, or US$0.51 per diluted share, in Q3, FY20.

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Meanwhile, the company has narrowed its adjusted operating earnings guidance for fiscal 2021. It now expects its non-GAAP operating earnings to be between US$2.70 and US$2.90 per share from its previous forecast of US$2.60 and US$3.00 per share.

The market cap of the company is US$53.37 billion, the P/E ratio is 55.14, and the forward P/E one year is 19.47. Its EPS is US$0.99. The stock saw the highest price of US$54.18 and the lowest price of US$38.35 in the last 52 weeks. Its share volume on Nov 2 was 5,872,938.

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Bottomline

Both the stocks skyrocketed in the recent quarters due to strong demand for services. The MAR stock rose 28.28% YTD, while the EXC stock jumped 30.53% YTD. Investors, however, should evaluate the companies carefully before investing in the stock market.