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Travel + Leisure Co (TNL) Gets a Buy Rating from Deutsche Bank

Travel + Leisure Co (TNL) Gets a Buy Rating from Deutsche Bank
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Wyndham Worldwide Corporation: Results for first half 2016


Second quarter revenues were $1.4 billion – flat compared with the prior year period for Wyndham Hotel Group. In constant currency and excluding acquisitions, revenues increased 1%.
Net income for the second quarter of 2016 was $156 million, or $1.39 per diluted share, compared with $159 million, or $1.33 per diluted share, for the second quarter of 2015. Adjusted net income for the second quarter of 2016 was $156 million, or $1.40 per diluted share, compared with $159 million, or $1.32 per diluted share, for the second quarter of 2015. Net income was impacted by higher interest expense and depreciation, as well as a higher tax rate, which offset growth in EBITDA. EPS benefited from the company’s share repurchase program. ....

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