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.
