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Wyndham Worldwide Corp. (WYN) on Tuesday reported fourth-quarter profit of $140 million.
The Parsippany, New Jersey-based company said it had profit of $1.21 per share. Earnings, adjusted for pretax gains and restructuring gains, were 98 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The hotel and resorts chain posted revenue of $1.31 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.29 billion.
For the year, the company reported profit of $612 million, or $5.14 per share. Revenue was reported as $5.54 billion.
Wyndham expects full-year earnings in the range of $5.46 to $5.60 per share, with revenue in the range of $5.8 billion to $5.95 billion.
Wyndham shares have decreased 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 9 percent. The stock has fallen 25 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on WYN at http://www.zacks.com/ap/WYN