Wyndham tops 4Q profit forecasts

PARSIPPANY, N.J. (AP) _ Wyndham Worldwide Corp. (WYN) on Wednesday reported fourth-quarter earnings of $164 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $1.53. Earnings, adjusted for one-time gains and costs, were $1.35 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The hotel and resorts chain posted revenue of $1.32 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.33 billion.

For the year, the company reported profit of $611 million, or $5.53 per share. Revenue was reported as $5.6 billion.

Wyndham expects full-year earnings in the range of $5.90 to $6.10 per share, with revenue in the range of $5.8 billion to $5.95 billion.

Wyndham shares have risen 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 4 percent. The stock has risen 22 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 https://www.zacks.com/ap/WYN


Keywords: Wyndham Worldwide, Earnings Report