MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2023 RESULTS AND RAISES FULL YEAR OUTLOOK

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Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance

May 2, 2023 8:04 AM EDT

Marriott (NASDAQ: MAR) shares are up premarket Tuesday after the company beat first-quarter earnings and guidance expectations.

Solid demand and the lifting of travel restrictions throughout the Asia Pacific region, particularly in Greater China, significantly boosted the company's results.

The hotel company... More

Marriott (MAR) Tops Q1 EPS by 24c, Raises Guidance

May 2, 2023 7:03 AM EDT

Marriott (NASDAQ: MAR) reported Q1 EPS of $2.09, $0.24 better than the analyst estimate of $1.85. Revenue for the quarter came in at $5.62 billion versus the consensus estimate of $5.45 billion.

GUIDANCE:

Marriott sees Q2 2023 EPS of $2.09-$2.15, versus the consensus of... More