Sabre (SABR) Tops Q3 EPS by 2c, Beat on Revenues; FY17 EPS/Revenue Mid-Point Guidance Above Consensus
Sabre (NASDAQ: SABR) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $900.6 million versus the consensus estimate of $884.05 million.
Sabre reports third quarter 2017 results
- Third quarter revenue increased 7.3%
- Airline and Hospitality Solutions revenue grew 4.8%
- Travel Network revenue rose 8.6%, with bookings growth of 3.2%
- Net income attributable to common stockholders increased 122.9% to $91.0
- million and diluted net income attributable to common stockholders per share
- (EPS) increased 135.7% to $0.33 partially due to an insurance settlement
- Adjusted EBITDA grew 10.5% to $26
- 2.9 million and Adjusted EPS grew 14.8% to $0.31
- Full year 2017 guidance reiterated
GUIDANCE:
Sabre sees FY2017 EPS of $1.31-$1.45, versus the consensus of $1.35. Sabre sees FY2017 revenue of $3.54-3.62 billion, versus the consensus of $3.57 billion.
For earnings history and earnings-related data on Sabre (SABR) click here.
