01.05.2024 13:06:24 - dpa-AFX: Marriott International Inc. Q1 Profit Decreases, misses estimates

BETHESDA (dpa-AFX) - Marriott International Inc. (MAR) revealed earnings for
first quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $564 million, or $1.93 per share. This
compares with $757 million, or $2.43 per share, in last year's first quarter.

Excluding items, Marriott International Inc. reported adjusted earnings of $620
million or $2.13 per share for the period.

Analysts on average had expected the company to earn $2.16 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 6.4% to $5.98 billion from $5.62
billion last year.

Marriott International Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $564 Mln. vs. $757 Mln. last year.
-EPS (Q1): $1.93 vs. $2.43 last year.
-Revenue (Q1): $5.98 Bln vs. $5.62 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.43 to $2.48
Next quarter revenue guidance: $1,340 to $1,355 Mln
Full year EPS guidance: $9.31 to $9.65
Full year revenue guidance: $5,180 to $5,280 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MARRIOTT INTL A DL-,01 913070 Frankfurt 219,200 17.05.24 08:01:53 +3,150 +1,46% 0,000 0,000 219,200 216,050

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