Wyndham Worldwide Reports Second Quarter 2010 Earnings Results Exceed Expectations Increases Full-Year Guidance Board Increases Share Repurchase Authorization By $300 Million
July 29, 2010Wyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended June 30, 2010.
HIGHLIGHTS:
Second quarter 2010 diluted earnings per share (EPS) was $0.51, compared with Company-issued guidance of $0.38 – $0.42 and $0.39 in the second quarter of 2009.
Free cash flow, which the Company defines as net cash from operations less capital expenditures, equity investments and development advances, increased 32% to $486 million in the first half of 2010, compared with $368 million during the same period in 2009.
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