PARSIPPANY, N.J. ( TheStreet) -- Wyndham Worldwide ( WYN)entered the spring on a five-quarter winning streak. Make that six.

While the hotel chain's profit dropped 27.5% in the second-quarter, it once again beat analysts' expectations -- making it the sixth quarter in a row that the company has done so.

Shares of the company were up 3% to $13.01 in afternoon trading.

During the quarter, Wyndham earned $71 million, or 39 cents a share, compared with $98 million, or 55 cents, in the year-ago period.

Excluding one-time costs, Wyndham actually earned 41 cents a share, surpassing analysts' expectations of 37 cents.

Revenue declined 19% to $920 million from $1.13 billion. Revenue per available room dropped 13.6% compared with a 19.5% drop for the entire industry.

Looking ahead, the company forecasts third-quarter earnings in the range of 53 cents to 57 cents a share.

Last week, Starwood Hotels & Resorts ( HOT) reported a 28% jump in its second-quarter profit, topping Wall Street's forecast.

--Reported by Jeanine Poggi in New York.
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

If you liked this article you might like

Wyndham Worldwide: Cramer's Top Takeaways

10 Best-Performing Stocks in the Dow: Cramer's 'Mad Money' Recap (Thursday 8/3/17)

Stocks Are Guilty by Association: Cramer's 'Mad Money' Recap (Thursday 7/20/17)