SILVER SPRING, MD— Choice Hotels International reported second quarter 2001 recurring net income of $14.4 million, or $0.32 recurring diluted earnings per share (EPS), compared to the $14.3 million in recurring net income and $0.27 recurring diluted EPS reported for the second quarter of 2000. The company also announced that it is comfortable with the consensus estimate for 2001 diluted recurring EPS of $1.28, excluding potential equity or impairment losses on its investment in Friendly Hotels Plc. Choice also anticipates that third quarter 2001 diluted EPS should reach the consensus estimate of $0.43. In addition, Choice expressed its comfort with the consensus of diluted recurring EPS of $1.44 for 2002, given the current number of shares outstanding.
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