Wyndham Q2 Profit Rises, Beats Estimates - Quick Facts
(RTTNews.com) - Hotel group Wyndham Worldwide Corp. (WYN) Thursday reported second-quarter earnings that advanced, as the company saw growth in all of its segment. In addition, earnings topped analysts' estimates, while revenues matched them.
For the 3-month period, net earnings increased to $153 million or $1.20 per share, from $133 million or $0.98 per diluted share a year earlier.
Excluding certain items, earnings totaled $150 million or $1.17 per share, compared with $133 million or $0.98 per share a year ago.
On average, eleven analysts polled by Thomson-Reuters estimated the company's earnings to be $1.14 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly revenues increased to $1.34 billion, from $1.25 billion last year, in line with the $1.34 billionWall Street expected.
For the full year, the company expects adjusted earnings of $4.34 to $4.44 per share (on diluted share count of 128 million) on revenues of $5.25 billion to $5.35 billion a year earlier.
The company had previously projected adjusted earnings to be $4.23-$4.33 on a diluted share count of 136 million.
Analysts expect annual earnings of $4.37 on revenues of $5.31 billion.
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