Marriott International's shares fell 4% after the company reported adjusted earnings of $3.19 per share for Q2, beating analyst expectations. However, revenue of $7.07 billion missed estimates, largely due to cost reimbursement revenue that doesn't reflect actual sales growth. The company also issued a cautious outlook for Q3 and the full year, with slower profit growth expected and weak international performance, especially in the Middle East. This tempered investor enthusiasm despite a strong earnings beat and a 40% share price rise over the past year.
Marriott International exceeded Q2 2026 earnings expectations, reporting an EPS of $3.19 versus the $3.08 consensus. The company's growth was driven by a 5% increase in Revenue Per Available Room (RevPAR) in the U.S. and Canada, contributing to a 3.4...
Marriott International reported a 3.4% global increase in RevPAR for Q2 2026, driven by 5% growth in the U.S. & Canada despite a 0.5% decline internationally due to Middle East conflict impacts. The company posted diluted EPS of $2.90 and adjusted EP...
U.S. markets ended last week higher as the Federal Reserve held interest rates steady, despite some dissent. This week features key economic data including Friday's July jobs report and manufacturing activity, alongside major earnings from SpaceX, AM...
