May 11, 2020 / 11:11 AM / 16 days ago

Marriott quarterly profit dives 92% on decline in bookings

May 11 (Reuters) - Marriott International Inc on Monday reported a 92% slump in profit for the first quarter, as bookings plunged due to coronavirus-led travel restrictions.

Net income fell to $31 million, or 9 cents per share, in the quarter ended March 31, from $375 million, or $1.09 per share, a year earlier.

On an adjusted basis, Marriott earned 26 cents per share in the quarter.

Revenue slumped 7% to $4.68 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below