Sabre (SABR) Tops Q2 EPS by 3c

Sabre (NASDAQ: SABR) reported Q2 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $707.1 million versus the consensus estimate of $681.62 million.

Sabre raises FY2015 EPS to $1.05-$1.11, versus the consensus of $1.06. Sabre sees FY2015 revenue of $2.95-2.98 million.

"In the second quarter, we continued to perform very well financially, operationally and in delivering new product innovation, capped off with the strategic Abacus acquisition in Asia-Pacific. We are well positioned as we look ahead to the coming years," said Tom Klein, Sabre President and CEO. "Travel Network revenue increased 7.0% year over year in the quarter, driven by growth in bookings across all regions, including an increase of 6.9% in North America and 19.7% growth in EMEA. In Airline and Hospitality Solutions, strong revenue growth and nearly four points of margin expansion drove a 29.5% increase in Adjusted EBITDA. Our performance has been fueled by our continued innovation for, and commitment to, our customers. Our momentum underpins our confidence to increase our full-year guidance."

For earnings history and earnings-related data on Sabre (SABR) click here.

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