NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Choice Hotels International Inc. (CHH) on Thursday reported first-quarter earnings of $44.5 million.
The North Bethesda, Maryland-based company said it had net income of 94 cents per share. Earnings, adjusted for non-recurring costs, were $1.34 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The hotel franchiser posted revenue of $332.9 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $347.1 million.
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