Choice Hotels Q4 Profit Up, Tops View; Guides Q1, FY11 Below Estimates

Hotel franchiser Choice Hotels International Inc. (CHH: News ) Monday reported a higher profit for the fourth quarter, helped mainly by increases in revenue as well as lower charges. Excluding non-recurring items, fourth-quarter net income declined from last year, but still came in above analysts' estimates. Looking ahead, the company issued earnings guidance for the first quarter and full year 2011, with both projected to come below current...