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.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company