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Wyndham: 3Q Earnings Snapshot

·1 min read

PARSIPPANY, N.J. (AP) _ Wyndham Hotels & Resorts Inc. (WH) on Wednesday reported third-quarter profit of $27 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 29 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The hotel and resort chain posted revenue of $337 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $366.3 million.

Wyndham shares have dropped 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.97, a decline of 12% 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 WH at https://www.zacks.com/ap/WH