Categories AlphaGraphs, Consumer, Earnings
Marriott (MAR) slips to loss in Q2 as shutdown impacts guest arrivals
Marriott International Inc. (NASDAQ: MAR) reported a net loss for the second quarter of 2020, compared to profit last year. The June-quarter performance was negatively impacted by the COVID-related shutdown. The results also missed the Street view.
The hotel chain added around 11,400 rooms globally during the three-month period, including 2,000 rooms converted from competitor brands. Net rooms grew 4.1% annually.
The adjusted loss was $0.64 per share, compared to earnings of $1.56 per share in the second quarter of 2019. Analysts were looking for a narrower loss.
Total revenues more than halved to $1.46 billion in the second quarter, negatively impacting the bottom-line performance. Revenues missed Wall Street’s prediction.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
