Wyndham Worldwide beats 4Q earnings expectations, meets revenue forecasts

MarketsAssociated Press

Wyndham Worldwide Corp. (WYN) on Tuesday reported fourth-quarter earnings of $81 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 65 cents. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The hotel and resorts chain posted revenue of $1.23 billion in the period, which matched Street forecasts.

Wyndham expects full-year earnings in the range of $4.75 to $4.90 per share, with revenue in the range of $5.45 billion to $5.5 billion.

Wyndham shares have dropped 5.5 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped almost 1 percent. The stock has risen 15 percent in the last 12 months.

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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 WYN at http://www.zacks.com/ap/WYN

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Keywords: Wyndham Worldwide, Earnings Report