SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

Marriott International Posts Lower Q1 Adjusted Earnings, Revenue

05/10/2021 03:47

07:31 AM EDT, 05/10/2021 (MT Newswires) -- Marriott International (MAR) posted Q1 adjusted earnings Monday of $0.10 per share, down from adjusted earnings of $0.49 per share a year earlier.

Analysts polled by Capital IQ projected adjusted EPS of $0.03.

Revenue stood at $2.32 billion for the quarter ended March 31, down from $4.68 billion a year ago. The Street forecast was $2.4 billion.

In a statement, Chief Executive Tony Capuano said they see signs of a "significant amount of pent-up demand," and believe that demand will continue to strengthen as vaccines roll out and government restrictions ease.

Price: 144.11, Change: -2.58, Percent Change: -1.76