Marriott shares are trading lower after the company reported Q3 financial results and issued Q4 and FY23 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Marriott International, Inc. reported its Q3 financial results and issued Q4 and FY23 adjusted EPS guidance below estimates, leading to a drop in its share price.
November 02, 2023 | 3:44 pm
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NEGATIVE IMPACT
Marriott's shares are trading lower due to disappointing Q3 results and lower than expected Q4 and FY23 EPS guidance.
Marriott's Q3 results were below expectations, and the company also issued lower than expected guidance for Q4 and FY23 EPS. This negative financial news directly impacts investor sentiment and is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100