PARSIPPANY, N.J. (AP) ¿ Wyndham Worldwide Corp. affirmed its full-year earnings guidance on Wednesday after the lodging company reported that its profit rose 7 percent in the first quarter as lower expenses offset revenue declines.

For 2009, the company continues to expect adjusted earnings between $1.61 and $1.85 per share and revenue of $3.5 billion to $3.9 billion.

Analysts polled by Thomson Reuters predict earnings of $1.60 on revenue of $3.44 billion.

For the second quarter, Wyndham expects its adjusted profit to range from 36 cents to 41 cents per share. Wall Street forecasts a profit of 36 cents per share.

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