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Wyndham, Starwood Rallies Set Glowing Tone for This Month's Hotel Earnings

2015-02-11 14:36:06| IT Services - Topix.net

NEW YORK -- A slate of larger hotel brands set to report earnings in the next two weeks amid a generally positive outlook on the hotel industry are ripe to send their stocks surging, if the first few hotel company earnings this season are any indication. Wyndam stock closed 8.7% higher at $88, up close to 3% on the year, Tuesday after it reported adjusted earnings per share 90 cents, up 23% from 73 cents per share last year and above the Street view of 84 cents per share, according to Thomson Reuters estimates.

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