Marriott Intl: Q2 in line with expectations
(CercleFinance.com) - On Monday night Marriott International unveiled Q2 2019 adjusted net income that is down 15% at 525 million dollars.
EPS fell 10% to 1.56 dollar, in line with the consensus.
Arne M. Sorenson, president and chief executive officer of Marriott International, said, "Worldwide RevPAR increased 1.2 percent in the second quarter with higher leisure transient demand in Europe, the Caribbean and South America, and the Asia Pacific regions".
For the entire current fiscal year, the hotel chain estimates that its EPS could be between 5.97 dollars and 6.06 dollars, which would mean a 2% to 4% fall from last year's adjusted base.
Copyright (c) 2019 CercleFinance.com. All rights reserved.