Why Marriott International Stock Was Up 5.8% Today
Shares of hotel company Marriott International (NASDAQ: MAR) were up as much as 5.8% in trading on Tuesday after the company reported fourth-quarter 2021 financial results. Shares closed the day up 5.7%.
Total revenue jumped 105% from a year ago to $4.45 billion, and the company swung from a net loss of $164 million to net income of $468 million, or $1.42 per share. The comparison was against a very weak quarter in 2020 when COVID-19 led to many shutdowns around the world, so they should be taken with a grain of salt.
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Source Fool.com
