Choice Hotels: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 06:42 AM ET
Last Updated - May 08, 2024, 06:42 AM EDT
NORTH BETHESDA, Md. (AP) — NORTH BETHESDA, Md. (AP) — Choice Hotels International Inc. (CHH) on Wednesday reported first-quarter earnings of $31 million.
On a per-share basis, the North Bethesda, Maryland-based company said it had net income of 62 cents. Earnings, adjusted for non-recurring costs, came to $1.28 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The hotel franchiser posted revenue of $331.9 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $345 million.
