By Sabela Ojea
Wyndham Hotels & Resorts logged profit and revenue growth in the fourth quarter, reflecting higher royalties and franchise fees.
The hospitality company on Wednesday posted a profit of $85 million, or $1.08 a share, up from $50 million, or 60 cents a share, for the same period a year earlier.
Stripping out one-time items, earnings per share came in at $1.04. Analysts polled by FactSet had forecast adjusted earnings of 99 cents per share.
Revenue rose to $341 million from $321 million a year earlier, missing the $344.1 million expected by Wall Street.
Chief Executive Geoff Ballotti said the company expects to maintain its momentum as it sees improving customer demand across its leisure and infrastructure segments.
For 2025, the company anticipates adjusted earnings of $4.66 to $4.78. Wall Street forecasts full-year adjusted earnings of $4.77.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 12, 2025 16:55 ET (21:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。