Wyndham Worldwide Corp. (WYN) on Thursday reported earnings that rose by 15 percent in its second quarter, and topped analysts' expectations.
The Parsippany, New Jersey-based company said profit increased to $153 million, or $1.20 per share, from $133 million, or 98 cents per share, in the same quarter a year ago.
Earnings, adjusted for non-recurring gains, were $1.17 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.14.
The hotel and resort chain said revenue rose 7.2 percent to $1.34 billion from $1.25 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $1.33 billion, according to Zacks.
Wyndham Worldwide shares have climbed $2.86, or 3.9 percent, to $76.55 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.5 percent. The stock has increased $15.31, or 25 percent, in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full WYN report: http://www.zacks.com/ap/WYN