tradingkey.logo

BUZZ-Marriott slips after lower-than-expected annual profit forecast

ReutersFeb 11, 2025 12:54 PM

Hotel operator Marriott International's MAR.O shares down ~2.1% at $298 before the bell

Co forecast 2025 profit below Wall Street estimate, hurt by poor performance at its hotels in Greater China

Expects full-year adjusted profit of $9.82 to $10.19 per share, below analysts' expectations of $10.65 per share, according to data compiled by LSEG

Co, however, beats quarterly estimates; posts Q4 adj. profit of $2.45 per share, above estimate of $2.38 per share

Q4 rev. of $6.43 bln also beats estimate of $6.38 bln

Stock rose ~24% in 2024; also up 9.2% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI