Marriott — The hotel operator earned an adjusted $1.41 per share for the first quarter, 7 cents a share above estimates. Revenue missed forecasts, however, but Marriott said it was able to increase North American profit margins despite higher labor costs and modest revenue growth.
Viacom — Viacom reported adjusted quarterly profit of 95 cents per share, beating the consensus estimate of 80 cents a share. Revenue was below forecasts, however. Viacom said its results were helped by significant gains in program distribution. Separately, Viacom agreed to slash its fees for distribution in its recent deal with AT&T’s DirecTV unit, according to people familiar with those negotiations who spoke to The Wall Street Journal.