Marriott International Reports First Quarter 2019 Results
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Marriott (MAR) Tops Q1 EPS by 7c, Revenues Miss; Q2 EPS Guidance Below Consensus, FY19 EPS Mid-Point Guidance Above Consensus
May 10, 2019 6:18 AM EDTMarriott (NASDAQ: MAR) reported Q1 EPS of $1.41, $0.07 better than the analyst estimate of $1.34. Revenue for the quarter came in at $5 billion versus the consensus estimate of $5.11 billion.
First quarter reported diluted EPS totaled $1.09, a 6 percent decrease from prior year results. First quarter adjusted diluted EPS totaled $1.41, a 5 percent increase over first quarter 2018 adjusted results;First quarter 2019 comparable systemwide constant dollar RevPAR rose 1.1 percent worldwide, 1.9 percent outside North America and 0.8 percent in North America;The company added nearly 19,000 rooms during the first quarter, including roughly 3,000 rooms converted from competitor brands and approximately... More