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Marriott International falls after coronavirus warning

Feb. 27, 2020 7:44 AM ETMarriott International, Inc. (MAR) StockMARBy: Clark Schultz, SA News Editor7 Comments
  • Marriott International (NASDAQ:MAR) is down 3.85% in premarket action after warning that it expects a $25M hit to monthly fee revenue from the coronavirus outbreak.
  • Marriott didn't include the coronavirus impact into its full-year profit guidance, which came in at $6.30 to $6.53 vs. $6.47 consensus. RevPAR is seen being flat to +2% worldwide. Adjusted EBITDA of $3.70B to $3.80B is anticipated vs. $3.80B consensus.
  • Previously: Marriott EPS beats by $0.10, misses on revenue (Feb. 26)

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