Wyndham: 3Q Earnings Snapshot
PARSIPPANY, N.J. (AP) _ Wyndham Hotels & Resorts Inc. (WH) on Tuesday reported third-quarter profit of $58 million.
The Parsippany, New Jersey-based company said it had net income of 58 cents per share. Earnings, adjusted for non-recurring costs, came to 85 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The hotel and resort chain posted revenue of $604 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $548.8 million.
Wyndham expects full-year earnings in the range of $2.99 to $3.13 per share, with revenue in the range of $2.06 billion to $2.11 billion.