Travel + Leisure Co. (TNL), a timeshare company, Wednesday reported a profit of $97 million or $1.39 per share for the third quarter, lower than $110 million or $1.49 per share in the same quarter a year ago, primarily due to increase in expenses.
Excluding one-time items, earnings were $110 million or $1.57 per share, that beat the analysts average estimate of $1.49 per share.
Operating income declined to $189 million from $207 million last year.
Revenue for the quarter, however, grew to $993 million from $986 million in the previous year. The consensus estimate was for $1.01 billion.
The company plans to recommend a dividend of $0.50 per share for the fourth quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.