NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Choice Hotels International Inc. (CHH) on Thursday reported fourth-quarter net income of $75.8 million.
On a per-share basis, the North Bethesda, Maryland-based company said it had profit of $1.59. Earnings, adjusted for non-recurring gains, were $1.55 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The hotel franchiser posted revenue of $389.8 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $378 million.
For the year, the company reported profit of $299.7 million, or $6.20 per share. Revenue was reported as $1.58 billion.
Choice Hotels expects full-year earnings in the range of $6.98 to $7.24 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 CHH at https://www.zacks.com/ap/CHH
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