Marriott gains on higher annual growth forecast, Q3 beat

Marriott International

Mon 12:37

** Shares of hotel operator Marriott International MAR.O rise more than 3% to $412 premarket after Q3 results
** Co raises FY26 global RevPAR growth view to 4.5%-5%; global RevPAR up 6.5%, well above co's own 3.5%-4% forecast
** Sees FY26 adjusted EPS of $12.07-$12.14 vs est $11.73, per LSEG data
** Q3 adjusted EPS of $3.02 beats analysts' avg est of $2.84
** Q3 revenue of $7.01 billion beats est of $6.92 billion
** Net rooms grow 4.5% YoY; development pipeline hits record ~4,200 properties and ~629,000 rooms
** As of last close, stock up 28.7% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))