Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Marriott tops expectations amid high travel demand
By Shubhangi Mathur - Aug 02, 2022, 02:52 PM ET
Last Updated - Mar 12, 2024, 02:34 PM EDT
Marriott International Inc (NASDAQ: MAR) topped quarterly expectations due to increased occupancy levels and pricier rates amid high travel demand
Marriott International Inc (NASDAQ: MAR) topped quarterly expectations due to increased occupancy levels and pricier rates amid high travel demand.
The company posted adjusted earnings of $1.80 per share, beating expectations of $1.56 a share, according to Refinitiv data. In the quarter, revenue rose 70% to $5.34 billion, topping expectations of $4.92 billion.
Sponsored
For the third-quarter, the company expects earnings per share, excluding items, of $1.59 to $1.69 per share, compared with analysts' estimates for $1.58 per share.
With the ease in Covid-19 restrictions, people are spending more on travel including hotels and airlines.
Picture Credits: Reuters
ALSO READ:
Sponsored
Read More from Market Analysis
Read More from Investing
Popular News
Latest News
