Advertisement
Singapore markets open in 7 hours 19 minutes
  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     
  • S&P 500

    5,071.37
    +60.77 (+1.21%)
     
  • Dow

    38,535.17
    +295.19 (+0.77%)
     
  • Nasdaq

    15,692.78
    +241.47 (+1.56%)
     
  • Bitcoin USD

    66,737.24
    +78.55 (+0.12%)
     
  • CMC Crypto 200

    1,435.93
    +21.17 (+1.50%)
     
  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     
  • Gold

    2,341.30
    -5.10 (-0.22%)
     
  • Crude Oil

    83.14
    +1.24 (+1.51%)
     
  • 10-Yr Bond

    4.5860
    -0.0370 (-0.80%)
     
  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     
  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     
  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     
  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     
  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Why Marriott International Shares Dropped 6.5% on Monday

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.