MAR Stock Recent News

Marriott International Inc. (MAR) shares dropped Tuesday as the big hotel chain missed sales forecasts and gave weaker-than-expected guidance amid slowing post-pandemic U.S. travel demand.

Marriott International Inc. (MAR) shares dropped Tuesday as the big hotel chain missed sales forecasts and gave weaker-than-expected guidance amid slowing post-pandemic U.S. travel demand.

Shares of Marriott International (MAR) are declining Tuesday, despite beating fourth-quarter earnings estimates. The company's 2024 profit outlook missed analyst projections.

Marriott International, Inc. (MAR) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Marriott (MAR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Marriott International (MAR) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $1.96 per share a year ago.

Lodging firm Marriott provided 2024 earnings guidance that came up short, overshadowing the company's fourth-quarter report.

Marriott International Inc.'s stock MAR, +0.74% fell by 2% in premarket trading after the hotel operator's fourth-quarter revenue and 2024 profit outlook fell short of analysts' estimates, although its profit in the latest quarter rose. Marriott said its fourth-quarter net income increased to $848 million, or $2.87 a share, from $673 million, or $2.12 a share, in the year-ago quarter.

CNBC's Jim Cramer on Friday guided investors through next week's Wall Street action.

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