On August 5, Marriott rose 3.13% in regular trading, trading at $355.25/share, with turnover of $75.33 million.
On the news front, following the prior session's sharp selloff triggered by a below-consensus Q3 EPS guidance of $2.74-$2.82 versus the $2.87 estimate, the market is now re-evaluating the company's raised full-year adjusted EPS outlook of $11.64-$11.81, up from the prior range of $11.38-$11.63 and above analyst expectations of $11.62. Q2 adjusted EPS of $3.19 represented a 20% year-over-year increase, beating the $3.08 consensus.
The rebound was further supported by broad sector strength, with Booking Holdings surging 5.3%, Hilton rising 1.54%, and Airbnb gaining 1.9%. Core fundamentals remain robust, with U.S. and Canada RevPAR growth of 5% hitting a 13-quarter high, and luxury segment RevPAR exceeding 9% growth, partially offset by a 43% RevPAR decline in the Middle East due to ongoing regional conflicts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)