Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Marriott beats Wall Street estimates on China recovery
May 2, 2023 7:05 AM EDT(This May 2 story has been refiled to say Marriott gets a 'big portion,' not 'bulk' of its revenue from outside the US, in paragraph 6)
By Priyamvada C and Doyinsola Oladipo
(Reuters) - Marriott International Inc reported better-than-expected first-quarter results on Tuesday as the U.S. hotel operator benefited from a global rise in occupancy and room revenue led by domestic travel in China, sending its shares up by 3%.
U.S. hotel operators who have been grappling over the past year with an uneven recovery in Chinese... More
Marriott (MAR) Tops Q1 EPS by 24c, Raises Guidance
May 2, 2023 7:03 AM EDTMarriott (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
