Travel + Leisure Co up on Q4 profit beat

Travel + Leisure

22/02/2023 15:34

** Shares of Travel + Leisure Co  TNL.N  up 2.8% at $41.7 in
morning trade
    ** TNL posts Q4 adjusted earnings of $1.30/share beating
analysts' estimates of $1.22/share - Refinitiv
    ** Co says it will recommend increasing Q1 2023 dividend
to$0.45 per share for approval by the board of directors
    ** Sees FY 2023 adjusted EBITDA in range from $920 mln to
$940 mln; Q1 2023 adjusted EBITDA between $170 mln and $180 
    ** Shares had lost ~34% in 2022
 (Reporting by Kannaki Deka in Bengaluru)
 ((Kannaki.Deka@thomsonreuters.com))