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UPDATE 1-Marriott posts higher-than-expected quarterly profit

Wednesday, 3 Oct 2012 | 5:07 PM ET

* Third-quarter net income 44 cents a share

* Analysts expected 40 cents on average

* Forecast lags analyst views

(Adds estimates, outlook)

Oct 3 (Reuters) - Hotel operator Marriott International

reported a higher-than-expected quarterly profit on Wednesday as its corporate business showed strength, but the company's profit outlook for the current quarter came in below average analyst estimates.

Net income came to $143 million, or 44 cents a share, in the fiscal third quarter ended Sept. 7, compared with a loss of $179 million, or 52 cents a share, a year earlier. The number of shares outstanding declined in the quarter, with the repurchase of 9.6 million shares.

Analysts expected 40 cents a share, on average, according to Thomson Reuters I/B/E/S.

Quarterly revenue fell to $2.73 billion from $2.87 billion a year earlier.

(Reporting by Karen Jacobs in Atlanta; Editing by Leslie Adler)

((karen.jacobs@thomsonreuters.com)(404 493 3656))

Keywords: MARRIOTT RESULTS/

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