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Choice Hotels Raises 2019 Adj. EPS Guidance - Quick Facts

Choice Hotels International, Inc. (CHH) announced, for 2019, the company now expects adjusted earnings per share to range between $4.16 and $4.22, an increase of $0.07 at the midpoint from the previous guidance. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.16. Analysts' estimates typically exclude special items.

For the third quarter, the company projects adjusted earnings per share to range between $1.25 and $1.29. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.30.

For the second-quarter, adjusted EPS was $1.19, a 7 percent increase from a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $1.14, for the quarter.

Second-quarter total revenues were $317.7 million, an increase of 8 percent from prior year. Analysts expected revenue of $307.39 million for the quarter. Total revenues, excluding marketing and reservation system fees, increased 5 percent to $145.2 million.

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