Marriott rises after Q1 earnings beat estimates

Hotel operator Marriott International's MAR.O shares up 2.3% at $253

Co posts Q1 profit of $2.32/share, above estimates of $2.25/share, according to data compiled by LSEG

MAR posts Q1 revenue of $6.26 bln, compared with analysts' average estimate of $6.17 bln

However, co cuts 2025 room revenue forecast and projects Q2 profit below analyst estimates as travel demand slows

MAR expects full-year room revenue growth of 1.5% to 3.5%, compared with 2% to 4% it forecast earlier

10 of 27 brokerages rate the stock "buy" or higher, 16 "hold" and 1 "sell"; their median PT is $271

Including session moves shares are down 9.3% YTD