Choice Hotels (CHH) Misses Q3 EPS by 1c
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Choice Hotels International Reports a 10% Increase in Third Quarter EBITDA from Franchising Activities
October 30, 2015 9:00 AM EDTROCKVILLE, Md., Oct. 30, 2015 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for the third quarter 2015:
Revenues for the three months ended September 30, 2015 totaled $241.5 million, an increase of 12 percent from the same period of 2014. Earnings before interest, taxes, depreciation and amortization ("EBITDA") from franchising activities for the three months ended September 30, 2015, totaled $81.1 million, an increase of 10 percent from the same period of 2014. Franchising margins for the three months ended September 30, 2015, were 74.6 percent, an increase of 230 basis... More