Choice Hotels: 2Q Earnings Snapshot
Choice Hotels: 2Q Earnings Snapshot
ROCKVILLE, Md. (AP) _ Choice Hotels International Inc. (CHH) on Wednesday reported second-quarter earnings of $79.8 million.
On a per-share basis, the Rockville, Maryland-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, were $1.11 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The hotel franchiser posted revenue of $295.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $309.5 million.
Choice Hotels expects full-year earnings in the range of $3.71 to $3.77 per share.
Choice Hotels shares have increased nearly 1 percent since the beginning of the year. The stock has climbed 24 percent in the last 12 months.
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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 CHH at https://www.zacks.com/ap/CHH