In Brief: Realty Giant HFS Inc. Makes Big Profit Strides

HFS Inc. reported first-quarter earnings per share of 52 cents, up 79% from a year earlier. Revenue increased 88% to $527 million.

The real estate and hotel franchise conglomerate closed its merger with mortgage lender PHH Corp. on April 30. Excluding PHH Corp., HFS earnings per share for the quarter would have been 41 cents, a 105% increase. u

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