By Amira McKee
Shares of Travel + Leisure gained after the vacation-timeshare provider posted fourth-quarter adjusted earnings and revenue that exceeded Wall Street estimates.
The stock rose 5.5%, to $76.86, Wednesday afternoon. The shares have gained 34% in the past year.
The Orlando, Fla., company reported a fourth-quarter loss of $61 million, or 95 cents a share, compared with a net income of $119 million, or $1.72 a share, a year earlier.
Adjusted earnings came in at $1.83 a share, beating Wall Street's forecast of $1.81 a share, according to FactSet.
Revenue grew 5.4% to $1.03 billion. Analysts polled by FactSet were expecting $1 billion. The company's vacation ownership business drove the top-line gains with an 8% boost in revenue.
Travel + Leisure said it would recommend increasing its upcoming first-quarter dividend to 60 cents a share, up from 56 cents a share. The dividend boost would be subject to approval by the company's board of directors.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 18, 2026 14:28 ET (19:28 GMT)
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