1542 ET - Baird analysts had been expecting a few obstacles to dampen Marriott International's outlook for 2025. "However, there are more than a few headwinds forecasted to negatively impact earnings," they say in a research note. The hotel operator on Tuesday issued lower-than-expected guidance for the current quarter and year, hurt in part by a slowdown in fee-based revenue and an uptick in spending on technology. The outlooks overshadowed what was otherwise a better-than-expected 4Q report, analysts say. "The bar was high, and the print needed to be perfect (it was not)." Shares rebound 0.7% after finishing Tuesday 5.4% lower. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 15:42 ET (20:42 GMT)
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