28.04.2021 12:49:17
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Travel + Leisure Co. Q1 Profit Tops Estimates
(RTTNews) - Travel + Leisure Co. (TNL) reported first quarter adjusted profit per share of $0.39 compared to a loss of $0.98, last year. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.20, for the quarter. Analysts' estimates typically exclude special items.
The company reported first quarter net income to shareholders of $29 million compared to a loss of $134 million, last year. Profit per share was $0.33 compared to a loss of $1.54.
First quarter net revenues increased to $628 million from $558 million, prior year. Analysts expected revenue of $579.07 million, for the quarter.
The company's management will recommend a second quarter dividend of $0.30 per share for approval by the Board of Directors in May 2021.
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