Wyndham Worldwide Earnings: Here’s Why Investors are Happy Now
Wyndham Worldwide Corporation (NYSE:WYN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5%.
Wyndham Worldwide Corporation Earnings Cheat Sheet
Results: Net income increased 44.64% to $81 million ($0.63 per diluted share) in the quarter versus a net gain of $56 million in the year-earlier quarter.
Revenue: Rose 8.89% to $1.09 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wyndham Worldwide Corporation reported adjusted net income of $0.63 per share. By that measure, the company beat the mean analyst estimate of $0.60. It beat the average revenue estimate of $1.06 billion.
Quoting Management:“I’m pleased by our 30% adjusted EPS growth in 2012, especially coming off of 25% growth in 2011. These results reflect the momentum in our business, the strong execution by our teams and a capital allocation philosophy that works for shareholders,” said Stephen P. Holmes, chairman and CEO, Wyndham Worldwide.
Key Stats (on next page)…