Wyndham Q1 Revenue Rises 3.5% to $327 Million, Beating Estimates

Earnings

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Summary · why it matters

Wyndham reported first-quarter revenues of $327 million, a 3.5% increase from a year earlier and 1.8% above analyst expectations. The company, which franchises over 9,000 hotels globally, also exceeded earnings per share forecasts but fell short on adjusted operating income estimates. Chief Executive Officer Geoff Ballotti highlighted record-level first-quarter openings and an expanding development pipeline. Wyndham's stock has remained flat since the announcement, trading at $84.20.

Wyndham Hotels & Resorts Inc ▲