Wyndham Q3 Earnings Beat Analyst Estimates
From DailyMarkets.com:
Higher RevPARs, Strong Timeshare Business Drive Results
Wyndham Worldwide Corporation’s (NYSE:WYN) third quarter 2011 adjusted earnings of 94 cents per share breezed past the Zacks Consensus Estimate of 88 cents and improved significantly from 68 cents earned a year ago. On a reported basis, Wyndham delivered earnings of $1.08 per share versus 84 cents in the prior-year quarter. The increase was mainly driven by higher revenue per available room (RevPAR) in the Lodging business as well as strong operational performance of Vacation Ownership and Vacation Exchange and Rentals businesses. Click here for the full story.
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