India, Aug. 5 -- Marriott International Inc. (MAR), while reporting second- quarter results above market estimates, on Tuesday issued third-quarter earnings outlook below the Street. Further, the company updated its fiscal 2025 outlook, expecting earnings in line or below the market view. The firm also trimmed the top end of gross fee revenues outlook range.
In the pre-market activity on the Nasdaq, Marriott shares were gaining around 6.1 percent to trade at $275.00.
For the third quarter, the company expects adjusted earnings of $2.31 to $2.39 per share, adjusted EBITDA of $1.288 billion to $1.318 billion, and Gross fee revenues of $1.310 billion to $1.325 billion.
The Wall Street analysts on average expect the company to report earning...