Marriott misses by $0.03, reports revs in-line; guides Q2 EPS below consensus; guides FY24 EPS in-line (236.13)
- Reports Q1 (Mar) earnings of $2.13 per share, excluding non-recurring items, $0.03 worse than the FactSet Consensus of $2.16; revenues rose 6.4% year/year to $5.98 bln vs the $5.95 bln FactSet Consensus.
- Co issues downside guidance for Q2, sees EPS of $2.43-2.48, excluding non-recurring items, vs. $2.51 FactSet Consensus.
- RevPAR Growth globally of +4-5%.
- Co issues in-line guidance for FY24, sees EPS of $9.31-9.65 (up from $9.18-9.52), excluding non-recurring items, vs. $9.44 FactSet Consensus.
- RevPAR Growth globally of +3-5%.