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Choice Hotels International Q3 Net Profit Down 12%

RTTNews | 1026 दिनों पहले

Choice Hotels International Q3 Net Profit Down 12%

(RTTNews) - Choice Hotels International, Inc. (CHH) announced on Wednesday that net income for the third quarter declined to $103.08 million or $1.85 per share from $116.66 million or $2.08 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $1.56 per share, compared to $1.51 per share in the year.-ago quarter.

Total revenues for the quarter grew 28 percent to $414.27 million from $323.37 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.69 per share on revenues of $367.59 million for the quarter. Analysts' estimates typically exclude special items.

Total revenues, excluding reimbursable revenue from franchised and managed properties and an extraordinary one-time termination fee, increased 21% to $201 million. Domestic system-wide revenue per available room or RevPAR increased 15.2 percent from last year.

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Choice Hotels Launches Exchange Offer To Acquire Wyndham Hotels & Resorts

Choice Hotels Launches Exchange Offer To Acquire Wyndham Hotels & Resorts

Choice Hotels International, Inc. (CHH) announced Tuesday that it is commencing an exchange offer to acquire Wyndham Hotels & Resorts, Inc. (WH) in order to present its compelling proposal directly to Wyndham shareholders.

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German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

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Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

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Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 1घंटे 39 मिनट पहले

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 1घंटे 46 मिनट पहले

FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2घंटे 18 मिनट पहले

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

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