FX.co ★ Wyndham Hotels & Resorts Profit Drops In Q1, misses estimates

Wyndham Hotels & Resorts (WH) recently reported a decrease in their earnings for the first quarter, compared to the same period last year. The result also fell short of Wall Street's predictions.

The hotel company revealed that their earnings totaled $16 million, translating to $0.19 per share. By contrast, they made $67 million or $0.77 per share during the same period in the preceding year.

On average, the market analysts anticipated an earnings per share of $0.75 for the company. These projections were compiled by Thomson Reuters. Note that these analysts' forecasts typically do not account for extraordinary items.

Wyndham Hotels & Resorts also experienced a 2.6% dip in their quarter revenue, falling from $313 million last year, down to $305 million this year.

To recap, here's a snapshot of Wyndham Hotels & Resorts earnings based on Generally Accepted Accounting Principles (GAAP):

- Earnings (Q1): $16 million, down from $67 million last year.

- Earnings per share (Q1): $0.19, a dip from $0.77 last year.

- Revenue (Q1): $305 million, slightly down from $313 million last year.