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AMS Amadeus It SA News Story

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TechnologyBalancedLarge CapFalling Star

Amadeus rises on Q1 earnings beat, reiterated guidance

** Shares in Amadeus AMA.MC rise 3.4% after the Spanish travel technology group posted a first-quarter core earnings beat and stuck to its guidance

** The company's Q1 adjusted core profit came in at 661.4 million euros ($776.2 million), 6.3% above the average estimate of 622.2 million euros, according to LSEG data

** "Strong quarter in spite of geopolitics," Bernstein says. "Surprisingly ... the guide for the full year was held, in spite of the geopolitical impact on air travel"

** Including the session's rise, the shares have dropped by about 16% since the beginning of the year

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))

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