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Shares of Marriott Intl (NASDAQ:MAR) decreased 2.5% in pre-market trading after the company reported Q2 results.
Earnings per share were down 141.03% year over year to ($0.64), which missed the estimate of ($0.42).
Revenue of $1,464,000,000 decreased by 72.40% from the same period last year, which missed the estimate of $1,680,000,000.
Earnings guidance hasn't been issued by the company for now.
Marriott Intl hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Aug 10, 2020
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/p3vws6z5
Recent Stock Performance
Company's 52-week high was at $153.39
52-week low: $46.56
Price action over last quarter: Up 17.36%
Marriott operates 1.4 million rooms across roughly 30 brands. Luxury represents nearly 10% of total rooms, while full service, limited service, and time-shares are 45%, 44%, and 2% of all units, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 96% of total rooms. North America composes 67% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
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