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 April 30, 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 April 30 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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