NEW YORK (TheStreet) -- Shares of Wyndham Worldwide (WYN) are diving 8.87% to $70.34 on heavy trading volume late Wednesday morning after the company posted softer-than-expected revenue for the 2016 second quarter.

Before today's opening bell, the Parsippany, NJ-based hotel and resorts company reported revenue of $1.40 billion, below analysts' estimates of $1.44 billion.

Earnings of $1.39 per diluted share topped Wall Street's forecasts of $1.37 per share.

"In the second quarter, we continued to execute our strategy to drive growth and free cash flow while maintaining our disciplined capital allocation framework to enhance shareholder value," CEO Stephen Holmes said in a statement.

For 2016, Wyndham sees adjusted earnings per diluted share between $5.68 and $5.82 on revenue of about $5.65 billion to $5.80 billion.

Analysts are modeling earnings of $5.69 per share on revenue of $5.77 billion.

About 2.07 million of the company's shares were traded so far today compared to its average volume of 1.31 million shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, good cash flow from operations and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WYN

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