Choice Hotels: 4Q Earnings Snapshot

ROCKVILLE, Md. (AP) _ Choice Hotels International Inc. (CHH) on Friday reported fourth-quarter net income of $31.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Rockville, Maryland-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 88 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The hotel franchiser posted revenue of $245 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $263 million.

For the year, the company reported profit of $216.4 million, or $3.80 per share. Revenue was reported as $1.04 billion.

Choice Hotels expects full-year earnings in the range of $4 to $4.13 per share.

Choice Hotels shares have increased 15 percent since the beginning of the year. The stock has risen 2 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