PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Wyndham Hotels & Resorts Inc. (WH) on Wednesday reported second-quarter earnings of $87 million.
The Parsippany, New Jersey-based company said it had profit of $1.13 per share. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The hotel and resort chain posted revenue of $397 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $387.3 million.
Wyndham expects full-year earnings in the range of $4.60 to $4.78 per share.
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