5 Stocks Making Big Moves After Releasing Their Financial Results

2. Marriott International, Inc. (NASDAQ:MAR)

Number of Hedge Fund Holders: 39

Shares of Marriott International, Inc. (NASDAQ:MAR) climbed to an all-time high of $181.98 on Tuesday, February 15, 2022, after announcing impressive financial results for the fourth quarter.

Marriott International, Inc. (NASDAQ:MAR) reported adjusted earnings of $1.30 per share, a significant improvement from 12 cents per share in the year-ago period. Revenue for the quarter skyrocketed 105 percent versus last year to $4.45 billion. The results crushed analysts’ average estimate of 99 cents per share for earnings and $3.98 billion for revenue.

Among other updates, Marriott International, Inc. (NASDAQ:MAR) reported that it added 120 properties to its global portfolio during the quarter. In addition, the general, administrative, and other costs for the quarter increased to $213 million versus $183 million for the same period one year ago.

Marriott International, Inc. (NASDAQ:MAR) did not release any financial outlook, citing uncertainties related to the coronavirus pandemic.

Commenting on the results, CEO Anthony Capuano said:

“The 2021 fourth quarter capped off a year that showed the incredible resilience of people’s desire to travel and the appeal of our broad portfolio of 30 global brands.  We experienced significant progress in global RevPAR recovery in 2021 despite the emergence of new variants and ongoing headwinds from the global pandemic.”