AP NEWS

Choice Hotels: 3Q Earnings Snapshot

November 5, 2019 GMT

ROCKVILLE, Md. (AP) _ Choice Hotels International Inc. (CHH) on Tuesday reported third-quarter profit of $76.2 million.

The Rockville, Maryland-based company said it had profit of $1.36 per share. Earnings, adjusted for non-recurring costs, came to $1.37 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The hotel franchiser posted revenue of $310.7 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $307 million.

Choice Hotels expects full-year earnings to be $4.24 per share.

Choice Hotels shares have risen 25% since the beginning of the year. The stock has increased 18% 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 CHH at https://www.zacks.com/ap/CHH