The company, based in Parsippany, New Jersey, rose 6.1 percent to a record $43.42 at the close of New York trading.

Adjusted income, excluding items such as non-cash impairments, climbed to 47 cents a share from 46 cents a year earlier, Wyndham said in a statement today. Analysts expected earnings of 44 cents a share on that basis, according to the average of nine estimates in a Bloomberg survey.

Wyndham also raised its full-year adjusted-earnings forecast to $2.85 to $3 a share, up from its October estimate of $2.72 to $2.82, and boosted its quarterly dividend to 23 cents a share from 15 cents.

The company beat estimates because of a “resilient hospitality businesses and prudent deployment of its sizable free cash flow” into buying back shares, Joseph Greff, a New York-based analyst at JPMorgan Chase & Co., wrote in a note to investors today.

The U.S. hotel industry has been recovering from its lows of 2009 and 2010. Occupancies in the top 25 U.S. markets climbed to 67 percent last year from 64 percent in 2010, according to Smith Travel Research Inc. of Hendersonville, Tennessee.

Starwood Hotels & Resorts Worldwide Inc. was the first major U.S. lodging company to report earnings, on Feb. 2. The owner of the luxury St. Regis and W brands said fourth-quarter profit fell after a payment from a lawsuit settlement boosted year-earlier earnings and demand in Europe weakened.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net

To contact the editor responsible for this story: Daniel Taub at dtaub@bloomberg.net

http://www.bloomberg.com/news/2012-02-08/wyndham-surges-after-4th-quarter-earnings-beat-estimates-forecast-raised.html

• Săn nhà phố mặt tiền cho thuê tại Sài Gòn   (2016-04-25 13:23:45)
• Đề xuất Tp.HCM có đặc khu kinh tế, được thuê đất 99 năm   (2015-12-11 02:39:26)
• Australand Rises as It Agrees to Open Books to Bidder Stockland   (2014-05-30 09:34:36)
• Toll Brothers Earnings Climb After Builder Raises Prices   (2014-05-29 09:40:34)
• Genworth Says Profit to Jump 29% at Australia Unit   (2014-04-08 08:54:25)
• Billionaire Sy to Accelerate Mall Expansion in China   (2014-04-04 09:48:30)
• Gains in Services Signal Rebound Ahead for Growth: Economy   (2014-04-04 09:48:01)
• ‘Cement Shen’ Detained Spurs Scavenging as China Developer Fails   (2014-03-31 10:49:37)
• China’s Urbanization Loses Momentum as Growth Slows   (2014-03-25 13:19:37)
• Dying Memphis Neighborhood Foretells Next U.S. Crisis: Mortgages   (2014-03-22 09:30:27)