Choice Hotels: Q4 Earnings Snapshot
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Choice Hotels International Inc. (CHH) on Tuesday reported fourth-quarter earnings of $29 million.
On a per-share basis, the Rockville, Maryland-based company said it had profit of 58 cents. Earnings, adjusted for one-time gains and costs, were $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The hotel franchiser posted revenue of $358.4 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $369.8 million.
For the year, the company reported profit of $258.5 million, or $5.07 per share. Revenue was reported as $1.54 billion.
Choice Hotels expects full-year earnings to be $6.45 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