Picture of Amadeus It SA logo

AMS Amadeus It SA News Story

0.000.00%
es flag iconLast trade - 00:00
TechnologyBalancedLarge CapFalling Star

Amadeus rises as strong bookings lead to Q3 beat

Nov 7 (Reuters) - ** Shares in Amadeus AMA.MC rise 2.7% after the company beat analysts' estimates driven by strong bookings and performance

** Amadeus reports Q3 adjusted profit of 370.2 million euros ($431.73 million), beating the LSEG analyst poll at 359.7 million euros

** Jefferies finds the results overall "reassuring", saying growth was well-balanced across the group

** "In an uncertain tech backdrop, we think this resilience should be rewarded," the brokerage says, referring to the company's unchanged FY guidance

** The stock will see its best day in about 4.5 months if gains hold

($1 = 0.8575 euros)

(Reporting by Gemma Guasch)

((gemma.guasch@thomsonreuters.com))

Recent news on Amadeus It SA

See all news