Wyndham Hotels & Resorts, Inc. (NYSE: WH) reported Q3 EPS of $0.93, $0.03 better than the analyst estimate of $0.90. Revenue for the quarter came in at $604 million versus the consensus estimate of $555.1 million.

• Revenues increased 74% compared with third quarter 2017, to $604 million.
• Net income was $58 million for the third quarter; adjusted net income was $85 million, a 39% increase over the prior-year quarter.
• Diluted earnings per share were $0.58 and adjusted diluted EPS were $0.85.
• Further adjusted diluted EPS (calculated as if our spin-off and our acquisition and integration of La Quinta had occurred on January 1) were $0.93.
• Adjusted EBITDA increased 34% compared with the prior-year quarter, to $166 million, and grew 7% in constant currency and excluding our 2018 acquisitions and divestitures.
• Further adjusted EBITDA was $177 million, compared to our projection of $166 to $176 million.
• Global RevPAR increased 9% year-over-year and 4% in constant currency and excluding our 2018 acquisitions and divestitures.
• System-wide rooms grew 13% year-over-year, and 3% excluding our 2018 acquisitions and divestitures.

"We delivered strong results in the third quarter, highlighted by organic and acquisition-related growth in both global RevPAR and our system size," said Geoffrey A. Ballotti, chief executive officer. "In addition, we made significant progress in the integration of the La Quinta brand, continued to strengthen the quality of our hotel network, and began to see the favorable impact of the 'By Wyndham\' endorsement of our global brands."

GUIDANCE:

Wyndham Hotels & Resorts, Inc. sees FY2018 EPS of $2.99-$3.13, versus the consensus of $2.70. Wyndham Hotels & Resorts, Inc. sees FY2018 revenue of $2.06-2.11 billion, versus the consensus of $1.77 billion.

For earnings history and earnings-related data on Wyndham Hotels & Resorts, Inc. (WH) click here.