{"id":3381,"date":"2023-05-02T21:25:08","date_gmt":"2023-05-03T01:25:08","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/marriott-stock-rallies-after-earnings-beat-and-raised-outlook-demand-remains-strong-with-signs-of-a-slowdown\/"},"modified":"2023-05-02T21:25:09","modified_gmt":"2023-05-03T01:25:09","slug":"marriott-stock-rallies-after-earnings-beat-and-raised-outlook-demand-remains-strong-with-signs-of-a-slowdown","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3381","title":{"rendered":"Marriott stock rallies after earnings beat and raised outlook, demand remains strong with signs of a slowdown"},"content":{"rendered":"
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Shares of Marriott International Inc. MAR surged 2.3% in premarket trading Tuesday after the hotel operator reported first-quarter results that rose well above expectations and raised its full-year outlook, amid \u201cmeaningful gains\u201d in both occupancy and average daily rates. Net income doubled to $757 million, or $2.43 a share, from $377 million, or $1.14 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.09 beat the FactSet consensus of $1.85. Revenue grew 33.7% to $5.62 billion, above the FactSet consensus of $5.45 billion. Revenue per available room (RevPAR) increased 25.6%…\n <\/p>\n<\/div>\n<\/div>\n

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Shares of Marriott International Inc. MAR surged 2.3% in premarket trading Tuesday after the hotel operator reported first-quarter results that rose well above expectations and raised its full-year outlook, amid \u201cmeaningful gains\u201d in both occupancy and average daily rates. Net income doubled to $757 million, or $2.43 a share, from $377 million, or $1.14 a […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-3381","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMarriott stock rallies after earnings beat and raised outlook, demand remains strong with signs of a slowdown | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Marriott International Inc. 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