Sabre (NASDAQ: SABR) reported Q2 EPS of $0.37, $0.01 better than the analyst estimate of $0.36. Revenue for the quarter came in at $845.2 million versus the consensus estimate of $852.33 million.

Business Outlook and Financial Guidance

On May 17, 2016, the Staff of the Securities and Exchange Commission (the “SEC”) issued additional Compliance and Disclosure Interpretations (“C&DIs”) related to the use of publicly reported non-GAAP financial measures. These C&DIs are applicable to all companies with SEC reporting requirements and were effective immediately. As a result, Sabre has included the additional information below.

We are unable to provide forward guidance on a GAAP basis without unreasonable effort; however, the following information provides estimates of certain components of the non-GAAP adjustments contained in the guidance below. Full-year Adjusted Net Income guidance consists of full-year net income attributable to common stockholders less the estimated impact of income from discontinued operations, net of tax, of approximately $10 million; net income attributable to noncontrolling interests of approximately $5 million; acquisition-related amortization of approximately $140 million; stock-based compensation expense of approximately $50 million; other items (primarily consisting of litigation and restructuring costs) of approximately $20 million; and the tax benefit of these adjustments of approximately $80 million. Full-year Adjusted EPS guidance consists of Adjusted Net Income divided by our projected weighted-average diluted common share count for the full year of approximately 283 million.

Full-year Adjusted EBITDA guidance consists of Adjusted Net Income guidance less the impact of depreciation and amortization of property and equipment, amortization of capitalized implementation costs and amortization of upfront incentive consideration of approximately $325 million; interest expense, net of approximately $160 million; and provision for income taxes less tax impact of net income adjustments of approximately $200 million.

Full-year Free Cash Flow guidance consists of full-year cash provided by operating activities of approaching $700 million less additions to property and equipment of approximately $325 million.

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