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Hotel Chain Mariott International Posts Better Than Expected Q4 Earnings

July 29, 2023
in Trade Tube
Reading Time: 1 min read
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Keep an eye on shares of Marriott International (MAR) in Thursday’s trading session. The hotel chain beat analysts’ forecasts in its fourth quarter earnings report. Mariott beat estimates on both the top and bottom line. Meanwhile, competing companies Hilton Worldwide (HLT) and Hyatt Hotels (H) both reported mixed earnings earlier in the morning. Hilton gave a soft earnings outlook for 2015, along with a quarterly profit miss. Hyatt easily topped earnings expectations, but fell below estimates in revenue for its fourth quarter. Mariott also gave an upbeat fiscal 2015 outlook. TheStreet’s Kurumi Fukushima reports in New York.

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