Marriott International Inc (NYSE:MAR) reported adjusted earnings of $3.19 per share for the second quarter, exceeding analyst estimates of between $3.05 and $3.08 per share.
The company reported revenue of $7.07 billion for the second quarter, which fell below consensus estimates that ranged from $7.17 billion to $7.26 billion.
Following the report, Marriott International Inc shares fell 4% in pre-market trading in New York.
Regional performance and financial adjustments
Future guidance
Marriott International Inc guided to third-quarter adjusted earnings of $2.74 to $2.82 per share and expects adjusted profit growth of 7% to 9% for the third quarter.
The company provided full-year adjusted earnings guidance of $11.64 to $11.81 per share.
Marriott International Inc's adjusted revenue, excluding cost reimbursements, rose to $2.01 billion.
