09:29 AM EDT, 04/24/2024 (MT Newswires) -- Travel + Leisure ( TNL ) reported Q1 adjusted earnings Wednesday of $0.97 per diluted share, up from $0.89 a year earlier.

Analysts polled by Capital IQ expected $0.86.

Net revenue for the quarter ended March 31 was $916 million, up from $879 million a year earlier.

Analysts surveyed by Capital IQ expected $904.5 million.

The company said it expects Q2 adjusted earnings before interest, taxes, depreciation and amortization of $235 million to $245 million.

For 2024, the company said it continues to expect adjusted EBITDA of $910 million to $930 million.

Additionally, the company said management will recommend a Q2 dividend to $0.50 per share for approval by its board.

Shares of the company were up 2.6% in recent Wednesday premarket activity.

Price: 47.25, Change: +1.19, Percent Change: +2.58