Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, April 30, 2010

Article Excerpt

WYNDHAM WORLDWIDE, $26.81, symbol WYN on New York, reported higher-than-expected first-quarter profits this week. In the three months ended March 31, 2010, Wyndham’s earnings per share, excluding one-time items, fell 17.1%, to $0.34 from $0.41. Despite the drop, the latest earnings beat the consensus estimate of $0.30 a share. Revenue fell 1.7%, to $886 million from $901 million. Here too, revenue was higher than forecast, even though it declined: the consensus revenue estimate was $848 million. The lower revenue and earnings were mostly the result of an accounting change. The economic recovery is pushing up travel demand and increasing the number of guests at Wyndham’s hotels. Wyndham is one of the world’s largest hospitality companies, with 7,110 franchised hotels worldwide. It operates under a number of brands, including Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Wingate by Wyndham, Baymont Inn & Suites, Microtel Inns & Suites, Hawthorn Suites, Howard Johnson, Travelodge, Knights Inn and AmeriHost Inn. In addition…