Wyndham Worldwide Corp. (WYN) on Wednesday reported third-quarter earnings of $196 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $1.78. Earnings, adjusted for one-time gains and costs, came to $1.89 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.

The hotel and resorts chain posted revenue of $1.57 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.59 billion.

Wyndham expects full-year earnings in the range of $5.68 to $5.71 per share, with revenue expected to be $5.65 billion.

Wyndham shares have dropped almost 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 5 percent. The stock has decreased 11 percent 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.

Photo Credit: Wyndham reported Q3 results October 26, 2016. Pictured is the Wyndham Hotel Apollo Amsterdam.