Travelport Worldwide (TVPT) Tops Q2 EPS by 10c

Travelport Worldwide (NYSE: TVPT) reported Q2 EPS of $0.40, $0.10 better than the analyst estimate of $0.30. Revenue for the quarter came in at $612.1 million versus the consensus estimate of $618.3 million.

Full Year 2017 Financial Guidance

The following forward-looking statements, as well as those made elsewhere within this press release, reflect expectations as of August 3, 2017. We assume no obligation to update these statements. Results may be materially different and are affected by many factors detailed in this release and in Travelport's quarterly and annual Securities and Exchange Commission ("SEC") filings and/or furnishings, which are available on the SEC's website at www.sec.gov.

Our guidance for full year 2017 net revenue is unchanged, as detailed below. Furthermore, we continue to anticipate that our commercial payments business, eNett, will grow net revenue by at least 20% in 2017. This is subject to exchange rate movements given that eNett's net revenue is largely denominated in currencies other than the U.S. dollar.

We continue to anticipate Adjusted EBITDA, Adjusted Net Income and Adjusted Income per Share (diluted) to be towards the higher end of our guidance ranges.

We now anticipate Free Cash Flow to be higher than the previously guided range, principally due to the phasing of capital and other expenditure.

For earnings history and earnings-related data on Travelport Worldwide (TVPT) click here.

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