NEW YORK (Reuters) – Marriott International Inc on Tuesday topped Wall Street estimates for quarterly revenue and profit in the second quarter, boosted by demand for leisure travel.
The hotel company reported adjusted earnings of $1.80 per share, far higher than the Wall Street consensus of $1.56 a share, Refinitiv data shows.
Marriott’s second-quarter revenue rose 70% year on year to $5.34 billion. Analysts had expected $4.92 billion, Refinitiv data shows
Shares in the company rose about 2% in premarket trading.
(Reporting by Doyinsola Oladipo; Editing by Anna Driver and David Goodman)
