Travelport Worldwide Limited Reports Third Quarter 2018 Results
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Travelport Worldwide Limited (TVPT) PT Lowered to $20 at Imperial Capital
November 2, 2018 7:52 AM EDTImperial Capital analyst, Adam Hackel, lowered the price target on Travelport Worldwide Limited (NYSE: TVPT) to $20.00 (from $25.00) while maintaining a Outperform rating following the company's 3Q earnings report. TVPT reported EPS of $0.31 vs. $0.24 estimate, while acknowledging near-term headwinds including overall weakness in Europe,... More
Travelport Worldwide (TVPT) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS/Revenue Guidance
November 1, 2018 6:48 AM EDTTravelport Worldwide (NYSE: TVPT) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $623 million versus the consensus estimate of $634.48 million.
Key Points (for the third quarter unless stated otherwise)
Net revenue increased 2% to $623 millionNet income increased 25% to $6 million; Adjusted EBITDA increased 2% to $139 millionTravel Commerce Platform revenue increased 2% to $598 millionBeyond Air revenue increased 14% to $193 million, contributing 32% of Travel Commerce Platform revenue (Q3 2017: 29%); eNett net revenue increased 58% to $86 millionIncome per share (diluted) increased 4% to $0.04; Adjusted Income per Share (diluted) increased 74% to... More