【what does bsm mean on a toyota rav4】Marriott revenue, FY forecast miss estimates on weak demand
(Recasts; adds analyst comment,what does bsm mean on a toyota rav4 details on data breach impact) By Divya R and Manojna Maddipatla Feb 28 (Reuters) - Marriott International Inc on Thursday missed Wall Street estimates for quarterly revenue and forecast a lower-than-expected full-year profit, blaming weak demand in North America, its its largest market. Marriott's revPAR growth - a key measure of hotel health - during the fourth quarter was hurt by labor strikes in eight markets in North America and weaker-than-expected demand for the industry. "Q4 profit beat, but RevPAR unimpressive. 2019 RevPAR guide lowered and earnings guide miss," SunTrust Robinson Humphrey analyst Patrick Scholes said in a note. The hotel operator's worldwide RevPAR growth of 1.3 percent in the fourth quarter missed analysts' expectations of 2.04 percent. RevPAR is calculated by multiplying a hotel's average daily room rate by its occupancy rate. The world's largest hotel chain lowered its full-year worldwide revPAR forecast between 1 percent and 3 percent, from a previously announced range of 2 percent to 3 percent. Marriott also incurred $28 million of expenses in the quarter and recognized $25 million of insurance proceeds related to data security incident it disclosed in November. The company did not say, however, whether the data breach had any impact on demand. Marriott said in January that fewer than 383 million customer records were stolen in a massive cyber attack and 25.55 million passport numbers were stolen in the attack on the Starwood Hotels reservation system. The company also said North America's RevPAR to grow in the range of 1 percent to 2 percent in the current quarter, reflecting the impact of the government shutdown offset by a favorable calendar comparison. Shares of the company, which owns the Ritz-Carlton and St. Regis luxury hotel brands, fell 2 percent to $122.95 in after-hours trading. The company expects full-year 2019 profit in the range of $5.87 to $6.10 per share, well below analysts' estimates of $6.32, according to Refinitiv data. On an adjusted basis, the company earned $1.44 per share, beating estimates of $1.39. Net income rose to $317 million, or 92 cents per share, in the fourth quarter ended Dec. 31, compared with $114 million, or 31 cents per share, a year earlier. Revenue rose to $5.29 billion from $5.25 billion. Analysts on average were expecting $5.48 billion. (Reporting by Sanjana Shivdas, Divya R and Manogna Maddipatla in Bengaluru; editing by Shinjini Ganguli and G Crosse) View comments
相关推荐
-
Can You Imagine How Eagle Nice (International) Holdings's (HKG:2368) Shareholders Feel About The 96% Share Price Increase?
-
WitcherVerse Continues to Storm the Market with Topping the Charts on CoinMarketCap
-
Herman Cain for the Fed Board?
-
Fortnite Store Accepts Crypto – But Only Monero
-
Analysts Just Slashed Their China Cinda Asset Management Co., Ltd. (HKG:1359) EPS Numbers
-
The best response to uncertainty is a master plan
- 最近发表
-
- FOREX-Dollar wallows near 2 1/2-year low on vaccine, stimulus optimism
- Should You Be Concerned About Energean Oil & Gas plc's (LON:ENOG) ROE?
- Top Ranked Growth Stocks to Buy for January 2nd
- Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets
- AppFolio, Inc. Announces First Quarter 2020 Financial Results
- BRIEF-Huawei Culture's Shareholder To Sell 5 Pct Stake In The Company For 221.9 Mln Yuan
- Thousands march in Hong Kong against China repression after grim 2018
- Is Now The Time To Look At Buying DICK'S Sporting Goods, Inc. (NYSE:DKS)?
- CRON INVESTOR FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors of a Filing Deadline in a Securities Class Action Against Cronos Group Inc.
- BRIEF-China Railway Construction's Consortium To Set Up Project Company For Railway Project
- 随机阅读
-
- EXCLUSIVE: Frédéric Arnault Gears Up for CEO Role at Tag Heuer
- Thousands fired after garment industry protest in Bangladesh
- Braving dangerous waters, Iranians seek a better life in Britain
- How Has Document Review Changed Since Michelle Obama's Day?
- Some Atlas (NYSE:ATCO) Shareholders Are Down 47%
- Is B2Gold (TSE:BTO) A Risky Investment?
- BRIEF-Hainan Airlines' Controlling Shareholder Renews Share Pledge
- Church & Dwight Co Inc (CHD) Chairman and CEO James Craigie Sold $13.4 million of Shares
- Exclusive: StanChart says CEO Winters will stay to execute current strategy
- BRIEF-Tencent Holdings Reports 14.6 Pct Passive Stake In Qutoutiao As Of Dec 31, 2018 - SEC Filing
- Top Ranked Value Stocks to Buy for January 2nd
- Taking A Look At Stella-Jones Inc.’s (TSE:SJ) ROE
- U.S. Should Cut the Swiss Some Slack on Currency Manipulation
- EM ASIA FX-Most Asian currencies weaken as growth fears set off 'flash crash'
- BRIEF-Poly Property Group Says Zhang Bingnan Appointed As Executive Director Of Co & Chairman Of Board
- Does Iron Road Limited (ASX:IRD) Have A Particularly Volatile Share Price?
- Vishay Precision Group, Inc. to Host Earnings Call
- Amazon's Virginia HQ2 opposition is about affordability, than a joblessness crisis: Delegate Lee Carter
- BRIEF-Nanning Sugar's Controlling Shareholder Transfers Stake In The Company To Guangxi Rural Investment
- Go-Jek Raises $1 Billion From Google, Tencent and Other Internet Giants
- 搜索
-
- 友情链接
-
- India gold discounts at widest in five months as prices surge
- Paycom Software, Inc. to Host Earnings Call
- Before You Buy Youngevity International, Inc. (NASDAQ:YGYI), Consider Its Volatility
- FOREX-Dollar wallows near 2 1/2-year low on vaccine, stimulus optimism
- AT&T Stock Falls 4%
- Machinery Companies' Earnings Due on Nov 5: PH, MIDD & FLS
- CaptionCall Supports “Military Makeover with Montel”
- UPDATE 1-MSCI to quadruple weighting of China A-shares in its global benchmarks
- Aptose to Hold Corporate Update Sunday, December 6th
- Exxon CEO sticks to spending targets as oil prices tumble