Why Marriott International Shares Dropped 6.5% on Monday
Shares of Marriott International (NASDAQ: MAR) fell as much as 6.5% in trading Monday after the company reported first-quarter 2020 results. Total revenue was down just 7% in the quarter to $4.7 billion, and net income was still $31 million, or $0.09 per share. By April, revenue per available room was down 90%, and right now about a quarter of Marriott's hotels are closed.