Marriott shares are trading lower after the company reported mixed Q4 financial results and issued Q1 and FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Marriott International, Inc. (MAR) shares declined following the announcement of mixed Q4 financial results and the provision of Q1 and FY24 adjusted EPS guidance that fell short of analyst expectations.
February 13, 2024 | 1:46 pm
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Marriott International, Inc. shares dropped after reporting mixed Q4 results and lower-than-expected earnings guidance for Q1 and FY24.
The decline in Marriott's stock price is directly attributed to the mixed Q4 financial results and the issuance of Q1 and FY24 adjusted EPS guidance that did not meet analyst expectations. This news is likely to negatively impact investor sentiment in the short term, as earnings guidance is a critical factor in stock valuation.
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