Monday, May 11, 2020

Marriott International Q1 Profit Falls, Misses View; But Revenue Beats

Marriott International, Inc. on Monday reported a 92 percent plunge in profit for the first quarter from last year, reflecting lower revenues and impairment charges as a result of the COVID-19 pandemic. Adjusted earnings missed analysts' expectations, while revenues beat their estimates. Marriott said it is now seeing improving occupancy trends in Greater China.

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