Choice Hotels reports strong Q3 earnings in North Bethesda

Choice Hotels International Inc., based in North Bethesda, Maryland, reported third-quarter earnings of $57.9 million, according to WTOP.

The company posted a profit of $1.28 per share, and adjusted earnings per share were $2.33, exceeding Wall Street expectations.

Analysts surveyed by Zacks Investment Research had estimated earnings of $2.27 per share, and Choice Hotels also surpassed revenue forecasts with $458.3 million in the period.

Revenue estimates from analysts were $455.3 million for the quarter. The company expects full-year earnings per share to range between $6.92 and $7.07.

These results indicate a strong financial performance for Choice Hotels in the local North Bethesda area for the third quarter.