PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Wyndham Hotels & Resorts Inc. (WH) on Wednesday reported fourth-quarter earnings of $50 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of 60 cents. Earnings, adjusted for non-recurring costs, came to 91 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The hotel and resort chain posted revenue of $321 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $317.2 million.
For the year, the company reported profit of $289 million, or $3.41 per share. Revenue was reported as $1.4 billion.
Wyndham expects full-year earnings in the range of $4.11 to $4.23 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WH at https://www.zacks.com/ap/WH