Investing.com - Marriott Int (NASDAQ:MAR) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Marriott Int announced earnings per share of $0.26 on revenue of $4.68B. Analysts polled by Investing.com anticipated EPS of $0.9 on revenue of $4.23B. That with comparison to EPS of $1.41 on revenue of $5.01B in the same period a year before.Marriott Int had reported EPS of $1.57 on revenue of $5.37B in the previous quarter.Analysts are expecting EPS of $0.06 and revenue of $2.57B in the upcoming quarter.
Marriott Int shares are down 42% from the beginning of the year and are trading at $87.17 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.7% year to date.
Marriott Int follows other major Services sector earnings this month
Marriott Int's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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