Revenue for the first quarter 2006 of $700 million, up 20 percent, year-over-year reported Sabre Holdings. Diluted earnings per share were $0.24 on an adjusted…
Revenue for the first quarter 2006 of $700 million, up 20 percent, year-over-year reported Sabre Holdings. Diluted earnings per share were $0.24 on an adjusted basis compared to $0.37 in the year ago quarter.
On a GAAP basis, diluted earnings per share were 0.13 compared to $0.44 in the same period last year. As expected, the year-over-year comparisons include the impact from several factors including a prior year asset sale, seasonality in Travelocity`s lastminutes.com business and interest expense and amortization related to the acquisition of lastminutes.com.
We had a strong start to the year with first quarter earnings at the high end of our projections and revenue growth of 20 percent year-over-year said Sam Gililand, Chairman and CEO, Sabre Holdings. Across our portfolio, we have made significant progress towards this year`s operational objectives, including deepening our relationships with major airlines, hoteliers and marketing partner. We are optimistic about our growth prospects this year and beyond.
