wyndham hotels  resorts inc posted lower net income and revenue in the latest quarter but said it remained confident in its business model the lodging company posted net income of 101 million or 113 a share for the third quarter ended sept 30 compared to net income of 103 million or 109 a share a year earlier adjusted earnings were 121 a share above analysts expectations of 104 the company said the decline in net income was primarily due to the exit of its selectservice management business and owned hotels though partially offset by higher adjusted earnings before interest taxes depreciation and amortization in its hotel franchising segment net revenues declined to 407 million from 463 million analysts polled by factset expected 379 million the company is confident in its franchise model despite the broader macroeconomic climate said chief executive geoffrey ballotti