Marriott lower after full-year outlook disappoints

Nov. 04, 2019 4:39 PM ETMarriott International, Inc. (MAR)MARBy: Clark Schultz, SA News Editor9 Comments
  • Marriott International (NASDAQ:MAR) guides for full-year fee revenue of $3.809B to $3.819B and full-year operating income of $2.89B to $2.905B.
  • The company also sees full-year EPS of $5.87 to $5.90 vs. $6.01 consensus. Full-year EBITDA of $3.572B to $3.587B is anticipated vs. $3.60B consensus.
  • "For full year 2020, we expect comparable systemwide RevPAR on a constant dollar basis will be flat to up 2 percent worldwide, with RevPAR growth in North America around the middle of that range," notes the hotel operator.
  • Shares of Marriott are down 1.27% AH to $128.50.
  • Previously: Marriott EPS misses by $0.03, beats on revenue (Nov. 4)

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