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Wyndham Worldwide Corp. on Tuesday reported first-quarter profit of $96 million.
The Parsippany, New Jersey-based company said it had profit of 84 cents per share. Earnings, adjusted for non-recurring costs and to extinguish debt, were $1.12 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The hotel and resorts chain posted revenue of $1.3 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.32 billion.
Wyndham expects full-year earnings in the range of $5.61 to $5.75 per share, with revenue in the range of $5.8 billion to $5.95 billion.
Wyndham shares have climbed almost 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 2 percent. The stock has fallen 16 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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