Marriott (MAR) stock is falling post-market after reporting mixed earnings for the third time this year.
Shares of the Bethesda, Md.-based hospitality giant have fallen 5.9% in after-hours trading to $113.50 (as of 5:50 p.m. ET), leaving the stock at its late October levels.
The fall is being precipitated by a mixed earnings report that highlighted a third straight miss on revenue estimates. The world's largest hotel chain posted $1.38 in earnings per share, beating estimates by $0.08, and $5.05 billion in revenue, missing consensus by $230 million.
The revenue figure also showed a year over year decrease of about $30 million, prompting the stock to garner its third straight negative price implication on earnings.
To be sure, CEO Arne Sorenson tried to focus on the future and growth ahead.
"We expect Marriott's fourth quarter 2018 comparable system-wide revenue per available room (RevPAR) on a constant dollar basis will increase roughly 2% worldwide, roughly 1% in North America, and 5-6% outside North America," he said. "Trends in most international markets are expected to remain strong."
The international segment strength will be a shimmer of brightness in the release after analysts voiced concerns on the exposure prior to the release.
The company's rewards program, which has come under attack from critics for its deficiencies compared to the previous Starwood system, actually turned out to be a solid. Two years after the merger, the company now maintains 120 million rewards members worldwide.
Despite the bright spots, the company's inability to generate growing revenue and its consistent miss on Wall Street estimates is provoking a strong market reaction.
The company will host an earnings call on Tuesday morning at 10 a.m. ET to detail the results.