Wyndham: 2Q Earnings Snapshot
PARSIPPANY, N.J. (AP) _ Wyndham Hotels & Resorts Inc. (WH) on Thursday reported second-quarter profit of $26 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of 27 cents. Earnings, adjusted for one-time gains and costs, were 84 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The hotel and resort chain posted revenue of $533 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $537.1 million.
Wyndham expects full-year earnings in the range of $3.16 to $3.23 per share, with revenue in the range of $2.05 billion to $2.08 billion.
Wyndham shares have increased 31% since the beginning of the year. The stock has risen nearly 3% in the last 12 months.