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Choice Hotels: Q2 Earnings Snapshot

NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Choice Hotels International Inc. (CHH) on Wednesday reported second-quarter net income of $64.3 million.

On a per-share basis, the North Bethesda, Maryland-based company said it had profit of $1.41. Earnings, adjusted for non-recurring costs, came to $2.02 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The hotel franchiser posted revenue of $440.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $430.8 million.

Choice Hotels expects full-year earnings in the range of $6.86 to $7.10 per share.

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This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/CHH

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