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Choice Hotels International's Q1 Adjusted Earnings Increase, Revenue Declines; Reiterates 2024 Adjusted Profit Guidance
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Choice Hotels International's Q1 Adjusted Earnings Increase, Revenue Declines; Reiterates 2024 Adjusted Profit Guidance
May 8, 2024 4:19 AM

07:03 AM EDT, 05/08/2024 (MT Newswires) -- Choice Hotels International ( CHH ) reported Q1 adjusted earnings Wednesday of $1.28 per diluted share, up from $1.12 a year earlier.

Analysts polled by Capital IQ expected $1.14.

Revenue for the quarter ended March 31 was $331.9 million, down from $332.8 million a year earlier.

Analysts surveyed by Capital IQ expected $343 million.

The company said it continues to expect 2024 adjusted EPS of $6.30 to $6.60. Analysts polled by Capital IQ expect $6.53.

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