Choice Hotels (CHH) Misses Q1 EPS by 4c; Guides FY16 EPS Below Views
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Choice Hotels International Reports First Quarter Results
May 4, 2016 9:00 AM EDTROCKVILLE, Md., May 4, 2016 /PRNewswire/ --Â Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for the first quarter 2016:
Revenues for the three months ended March 31, 2016 totaled $207.1 million, an increase of 18 percent from the same period of 2015. Franchising revenues for the three months ended March 31, 2016 totaled $78.7 million, an increase of 4 percent from the same period of 2015. Franchising margins for the three months ended March 31, 2016 were 61.6 percent, an increase of 10 basis points from the same period of 2015.... More