NEW YORK— According to a Reuters report, Cendant Corp. lowered its earnings outlook and said it believed its recent travel sector acquisitions would add less to its earnings due to the Sept. 11 attacks on the United States. Cendant, which owns Avis rental car, said it expects to report third-quarter adjusted earnings of $.32 per share compared with its previous guidance of $.33 per share. In the fourth quarter, Cendant now expects to report adjusted earnings in the range of $.15 to $.19 per share. It had previously forecast $.24 per share. The company also said it expects its pending acquisitions of discount travel company Cheap Tickets and Galileo International, the No. 1 travel services company, to be “less accretive” than previously expected.
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