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

BRIEF-Marriott International Reports Q1 Loss Per Share Of $0.03

05/10/2021 08:17
BRIEF-Marriott International Reports Q1 Loss Per Share Of $0.03

- Marriott International Inc MAR.O:

  • MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2021 RESULTS

  • Q1 ADJUSTED EARNINGS PER SHARE $0.10

  • Q1 LOSS PER SHARE $0.03

  • Q1 EARNINGS PER SHARE ESTIMATE $0.03 -- REFINITIV IBES DATA

  • MARRIOTT - AT END OF Q1, COMPANY'S NET LIQUIDITY TOTALED APPROXIMATELY $4.7 BILLION

  • MARRIOTT - WERE PLEASED TO SEE DEMAND IMPROVE MEANINGFULLY DURING Q1

  • MARRIOTT - RESILIENCY OF DEMAND HAS BEEN MOST KEENLY DEMONSTRATED IN MAINLAND CHINA, WHERE OCCUPANCY IS NEAR PRE-PANDEMIC LEVEL

  • MARRIOTT - OCCUPANCY REACHED 66% IN MAINLAND CHINA IN MARCH, NEARLY SAME AS IN MARCH 2019, ON STRONG DEMAND FROM BOTH LEISURE AND BUSINESS TRAVELERS

  • MARRIOTT - IN LARGEST REGION, U.S. & CANADA, DEMAND INCREASED RAPIDLY AS VACCINE ROLLOUTS ACCELERATED IN QUARTER

  • MARRIOTT - ENCOURAGED TO SEE GREEN SHOOTS IN SPECIAL CORPORATE AND GROUP BOOKINGS IN U.S. & CANADA

  • MARRIOTT - EXPECTS THAT COVID-19 WILL CONTINUE TO BE MATERIAL TO COMPANY'S RESULTS.

  • MARRIOTT - QTRLY TOTAL REVENUE $2.32 BILLION VERSUS $4.68 BILLION REPORTED LAST YEAR

  • Q1 REVENUE VIEW $2.36 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nPn9cP10na

Further company coverage: MAR.O


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