(RTTNews) – Travel + Leisure Co. (TNL) announced a profit for second quarter that Decreased from last year and missed the Street estimates.
The company’s earnings totaled $108 million, or $1.62 per share. This compares with $129 million, or $1.81 per share, last year.
Excluding items, Travel + Leisure Co. reported adjusted earnings of $110 million or $1.65 per share for the period.
Analysts on average had expected the company to earn $1.66 per share. Analysts’ estimates typically exclude special items.
The company’s revenue for the period rose 3.0% to $1.02 billion from $0.99 billion last year.
Travel + Leisure Co. earnings at a glance (GAAP) :
-Earnings: $108 Mln. vs. $129 Mln. last year.
-EPS: $1.62 vs. $1.81 last year.
-Revenue: $1.02 Bln vs. $0.99 Bln last year.
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