Wyndham Worldwide (WYN) Tops Q4 EPS by 14c, FY Guidance Misses Views

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Wyndham Worldwide Reports Fourth Quarter and Full-Year 2017 Results

February 14, 2018 6:31 AM EST

PARSIPPANY, N.J., Feb. 14, 2018 /PRNewswire/ -- Wyndham Worldwide Corporation (NYSE: WYN) today announced results for the fourth quarter and year ended December 31, 2017. The Company's adjusted results exceeded its most recent projections, published in October, and its reported results were further increased by the favorable impact of U.S. corporate tax reform on fourth quarter earnings.

In the fourth quarter, the Company classified its European vacation rentals business, for which it is exploring strategic alternatives, as a discontinued operation.  As a result of this reclassification, the Company's results from continuing... More