Marriott Vacations shares are trading lower following worse-than-expected Q2 results. The company also cut its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations reported disappointing Q2 results and lowered its FY23 guidance, leading to a drop in its share price.
August 04, 2023 | 1:38 pm
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Marriott Vacations' shares are expected to face downward pressure in the short term due to worse-than-expected Q2 results and a cut in FY23 guidance.
Marriott Vacations' shares are trading lower following the announcement of worse-than-expected Q2 results and a cut in FY23 guidance. This negative news is likely to put downward pressure on the stock in the short term as it indicates potential challenges in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100