Marriott Intl TO DAMAGE reported its second quarter results on Tuesday, August 2, 2022 at 7:00 am.
Here’s what investors need to know about the announcement.
merits
Marriott Intl beat estimated earnings by 16.88% and reported earnings per share of $1.8 versus an estimate of $1.54.
Revenue increased by $2.19 billion over the same period last year.
Past Earnings Development
In its most recent quarter, the company beat earnings per share by $0.35, causing its share price to fall 1.98% the next day.
Here’s a look at Marriott Intl’s past performance:
quarter
Q1 2022
Q4 2021
Q3 2021
Q2 2021
EPS estimate
0.90
0.99
0.98
0.45
EPS actually
1.25
1.30
0.99
0.79
Revenue (estimated
4.11B
3.98 billion
3.81B
3.16B
actual revenue
4.20B
4.45B
3.95 billion
3.15B
New investors should note that sometimes it’s not win or miss that drives a stock’s price the most, but guidance (or forecast).
guidance
Marriott Intl management provided guidance for fiscal 2022 and expected earnings of between $6.33 and $6.59 per share.
To view all earnings releases for Marriott Intl Visit their earnings calendar here.
This article was created by Benzinga’s automated content engine and reviewed by an editor.
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