Marriott (MAR) Q1 Revenue Tops Consensus

Marriott (NASDAQ: MAR) reported Q1 EPS of $0.26, may not compare to the analyst estimate of $0.91. Revenue for the quarter came in at $4.68 billion versus the consensus estimate of $4.27 billion.

• First quarter 2020 reported and adjusted EPS included impairment charges, bad debt expense, and guarantee reserves of $0.45 and $0.42, respectively;

COVID-19

Due to the numerous uncertainties associated with COVID-19, Marriott cannot presently estimate the financial impact of this unprecedented situation, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company's results.

The company expects to provide additional information about the current impact of COVID-19 on its business on its call later this morning.

For earnings history and earnings-related data on Marriott (MAR) click here.

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