* Q1 EPS $0.27 vs est. $0.26
* Q1 revPAR down 10.3 pct
* Sees 2010 revPAR down 1 pct-3 pct
* Sees 2010 EPS $1.68-$1.72 vs est. $1.68
April 26 Choice Hotels International Inc's
(CHH.N) first-quarter profit edged past Wall Street estimates
on new unit growth and said revenue per available room (revPAR)
in 2010 will fall less than expected as industry trends
However, for the second-quarter, the company said it
expects earnings per share of at least 42 cents with an
expected 2 percent fall in revPAR.
Analysts on average were expecting Choice to earn 44 cents
for the second quarter, according to Thomson Reuters I/B/E/S.
For the year, the company now expects revPAR to fall 1
percent to 3 percent, up from its earlier expectations of a 2
percent to 4 percent decline.
For the first quarter, Choice reported a net income of
$15.8 million, or 26 cents a share, compared with $16.3
million, or 27 cents, last year.
Excluding items, it earned 27 cents a share, narrowly
beating analysts' expectations for earnings of 26 cents a
RevPAR in the quarter fell 10.3 percent while new units
grew 2.9 percent.
Being a pure-play hotel franchisor, revPAR and new unit
growth are key earnings drivers for the company.
Shares of Choice, which franchises Comfort Inn and Cambria
Suites hotels, closed at $38.87 Monday on the New York Stock
(Reporting by Abhishek Takle in Bangalore; Editing by