SILVER SPRING, MD— Choice Hotels International reported its third-quarter results will exceed the consensus estimate by two cents, with diluted earnings per share of $0.54; the consensus estimate was $0.52. The company also will report EBITDA for the quarter of $39.3 million, a 2.3% increase over the prior year. Unit growth in domestic hotels for the third quarter was 4.2%. The company believes the full year EPS will be in a range of $1.47 to $1.49. “We are extremely pleased that Choice continues to produce strong results in a sluggish economic climate,” said Charles Ledsinger Jr., president/CEO “Choices basic franchising model has demonstrated its fundamental strength to perform in a wide range of economic circumstances, which keeps us well-positioned for future success.” The company is scheduled to release its full third quarter earnings report following the close of trading on the New York Stock Exchange Oct. 29.
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