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Wyndham Shares Surge After Reaffirming Guidance
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NEW YORK (AP) — Shares of Wyndham Worldwide Corp. jumped Friday after the lodging company affirmed its second-quarter guidance, although it also has announced that Chief Financial Officer Virginia Wilson is stepping down.
Wyndham shares surged $1.31, or 11.7 percent, to $12.51 in afternoon trading. The stock has traded between $2.55 and $20.96 during the past 52 weeks.
Early Friday, Wyndham reiterated it expects second-quarter earnings of 36 cents to 41 cents per share. Analysts polled by Thomson Reuters expect a profit of 37 cents per share. ...
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