Wyndham Worldwide Corp. (WYN) on Tuesday reported third-quarter net income of $190 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $1.61. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.78 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The hotel and resorts chain posted revenue of $1.56 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.55 billion.
Wyndham expects full-year earnings in the range of $5.06 to $5.09 per share, with revenue in the range of $5.45 billion to $5.55 billion.
Wyndham shares have fallen 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 1 percent. The stock has climbed slightly in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WYN at http://www.zacks.com/ap/WYN
This article was from The Associated Press and was legally licensed through the NewsCred publisher network.