Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook

Marriott International (NASDAQ:MAR) stock fell Monday after its third-quarter print.

The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31. Quarterly sales of $6.26 billion marginally missed the analyst consensus of $6.27 billion.

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RevPAR in the U.S. and Canada increased 2.1%, and RevPAR in international markets increased 5.4%, as Greater China RevPAR declined 7.9%.

Adjusted EBITDA for the quarter was $1.23 billion, up from $1.14 billion in the year-ago period.

Base management and ...