Wyndham 1Q Profit Up 11% On Fewer Charges; Outlook Upbeat | wsj.com

Wyndham Worldwide Corp.'s (WYN) first-quarter earnings rose 11% on fewer charges as the lodging company reported stronger timeshare revenue and got a boost from favorable exchange rates. Results topped expectations and the company projected second-quarter earnings of 38 cents to 42 cents a share, while analysts polled by Thomson Reuters recently expected 37 cents. In addition, it raised its 2010 adjusted earnings projection to $1.56 to $1.