Travel + Leisure Co. Q3 Profit Beats Estimates

(RTTNews) - Travel + Leisure Co. (TNL) revealed earnings for third quarter that beat the Street estimates.

The company's bottom line came in at $110 million, or $1.49 per share. This compares with $116 million, or $1.38 per share, in last year's third quarter.

Excluding items, Travel + Leisure Co. reported adjusted earnings of $113 million or $1.54 per share for the period.

Analysts on average had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.2% to $986 million from $937 million last year.

Travel + Leisure Co. earnings at a glance (GAAP) :

-Earnings (Q3): $110 Mln. vs. $116 Mln. last year. -EPS (Q3): $1.49 vs. $1.38 last year. -Analyst Estimates: $1.47 -Revenue (Q3): $986 Mln vs. $937 Mln last year.

-Guidance: Next quarter EPS guidance: Around$1.32 to $1.46