Why Travel + Leisure Stock Soared More than 15% Today

coin Investors were more than willing to take a journey with Travel + Leisure (NYSE: TNL) midweek. On Wednesday, shares of the travel services company flew more than 15% skyward in value, thanks to a very well-received earnings report. That rise looked especially impressive as the market was generally gloomy; the S&P 500 (SNPINDEX: ^GSPC) dipped by more than 0.5%.

In its third quarter, Travel + Leisure's net revenue came in at almost $1.05 billion, which was 5% higher than the result from the same period one year ago. Non-GAAP (generally accepted accounting principles) adjusted net income also saw improvement, rising by 8% to $119 million, or $1.80 per share.

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