Marriott Q1 Earnings, Revenue Rise; Q2 Earnings Outlook Issued — Shares Fall Pre-Bell
Marriott International (MAR) reported Q1 adjusted earnings Wednesday of $2.13 per diluted share, up from $2.09 a year earlier. Analysts polled by Capital IQ expected $2.16. Revenue for the quarter ended March 31 was $5.98 billion, up from $5.62 billion a year earlier. Analysts surveyed by Capital IQ expected $5.95 billion. For Q2, the hotel, resort, and entertainment company expects adjusted earnings of $2.43 to $2.48 per diluted share. Analysts polled by Capital IQ expect $2.51. For 2024, the company now expects adjusted earnings of $9.31 to $9.65 per diluted share from the previous guidance of $9.18 to $9.52 per share. Analysts polled by Capital IQ expect $9.44. Shares of the company were down more than 1% in recent Wednesday premarket activity.
Marriott Q1 Earnings, Revenue Rise; Q2 Earnings Outlook Issued — Shares Fall Pre-Bell Read Post »