Wyndham Worldwide Corp. (WYN) reiterated its second-quarter profit outlook this morning, sending shares higher by more than 7%.
Wyndham continues to expect quarterly earnings between 36 cents and 41 cents. Analysts anticipate 37 cents per share.
In its first quarter, the company beat estimates by 17.14% with earnings of 41 cents per share.
The company also backed its full-year earnings view, ranging between $760 million to $810 million.
However, 2 analysts out of 6 reduced expectations over the past month for the current year, pulling the consensus down 2 cents to $1.68 per share.
So far today, Wyndham is trading on lower-than-usual volume of 1.73 million shares, against the daily average of 3.8 million.
This Zacks #3 Rank (“Hold”) company is scheduled to report its second-quarter results on Jul 29.
“WYN” Free Stock Analysis: Buy? Sell? Hold?
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