Marriott International Reports Third Quarter 2019 Results
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Marriott (MAR) Misses Q3 EPS by 2, Revenues Beat; Offers Q4 & FY19 EPS Guidance Below Consensus
November 4, 2019 4:45 PM ESTMarriott (NASDAQ: MAR) reported Q3 EPS of $1.47, $0.02 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $5.13 billion.
HIGHLIGHTS
Third quarter reported diluted EPS totaled $1.16, compared to $1.43 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $1.47, compared to third quarter 2018 adjusted diluted EPS of $1.70. Reported and adjusted diluted EPS for the 2018 third quarter included $0.26 of asset sale gains;Third quarter 2019 comparable systemwide constant dollar RevPAR rose 1.5 percent worldwide, 1.9 percent outside North America and 1.3 percent in North America;The company added more than... More