Marriott Stock Slips on Soft Outlook for Room Growth, Profit
Key TakeawaysMarriott International gave weaker-than-expected guidance, and shares fell from their record closing high set yesterday.The hotelier's current-quarter profit and room-growth outlook were below analysts' forecasts.The news offset better-than-anticipated fourth-quarter earnings and revenue. Marriott International (MAR) shares fell 4% Tuesday as the hotel operator's guidance missed forecasts on slower room growth. The company sees current-quarter adjusted earnings per share (EPS) in the range of $ ...