Travel + Leisure (NYSE: TNL) saw a 15% surge in shares after a strong earnings report. Third-quarter net revenue hit $1.05 billion, up 5% from last year. Non-GAAP adjusted net income rose 8% to $119 million. Analysts expected lower figures, with revenue at $1.03 billion and adjusted net income at $1.74 per share.

The vacation ownership segment drove growth for Travel + Leisure, with revenue up 6% to $876 million. Travel and membership revenue inched up by 1% to $169 million. Volume per guest (VPG) jumped 10% to $3,304. The company raised guidance for gross sales, adjusted EBITDA, and VPG.

The Motley Fool Stock Advisor team did not include Travel + Leisure in their list of the 10 best stocks to buy now. Past recommendations like Netflix and Nvidia have seen significant returns.

Read more at Yahoo Finance: Why Travel + Leisure Stock Soared More than 15% Today