Marriott Reports Q2 Non-GAAP EPS of $3.19 Beats Estimates; Revenue Misses by $120M
Marriott International (MAR) reported second-quarter non-GAAP earnings per share (EPS) of $3.19, exceeding estimates by $0.11. However, revenue came in at $7.07 billion, missing expectations by $120 million despite a 4.9% year-over-year increase. The company noted that RevPAR for Q2 rose by 3.4% globally and saw stronger performance with 5.0% growth in the U.S. & Canada. The mixed results reflect ongoing challenges balancing strong demand metrics against revenue expectations.
Tickers: $MAR