Marriott Intl Q4 Adj. EPS $3.57 Beats $2.12 Estimate, Sales $6.09B Miss $6.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott International (NASDAQ:MAR) reported Q4 adjusted earnings per share of $3.57, surpassing the $2.12 estimate, marking an 82.14% increase from last year. However, their quarterly sales of $6.09B fell short of the $6.20B estimate, a 2.90% increase from the previous year.
February 13, 2024 | 12:04 pm
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POSITIVE IMPACT
Marriott International reported a significant beat on Q4 EPS estimates but missed on sales forecasts.
The substantial beat on the EPS estimate is likely to positively impact investor sentiment and potentially the stock price of Marriott International in the short term. However, the miss on sales forecasts could temper some of the enthusiasm, making the overall impact positive but with caution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100