=Sabre (SABR) reported earnings on Tue 2 Aug 2016 (b/o)

Sabre beats by $0.02, reports revs in-line; guides FY16 EPS in-line, revs in-line :

• Reports Q2 (Jun) earnings of $0.37 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.35; revenues rose 19.5% year/year to $845.2 mln vs the $849.06 mln Capital IQ Consensus.
• Co issues in-line guidance for FY16, sees EPS of $1.40-1.47, excluding non-recurring items, vs. $1.46 Capital IQ Consensus Estimate; sees FY16 revs at the lower end of $3.390-3.430 bln vs. $3.42 bln Capital IQ Consensus Estimate.
  • Free Cash Flow is expected to approach $375 mln.