January 16, 2018 / 1:14 PM / 3 months ago

BRIEF-Avis Budget Group Sees FY 2017 Revenue About $8.85 Billion

Jan 16 (Reuters) - Avis Budget Group Inc:

* AVIS BUDGET GROUP ANNOUNCES ESTIMATED FULL-YEAR 2017 RESULTS

* SEES FY 2017 REVENUE ABOUT $8.85 BILLION

* - EXPECTS ADJUSTED EBITDA TO BE WITHIN A RANGE OF $730 MILLION TO $740 MILLION FOR FULL-YEAR ENDED DECEMBER 31, 2017

* AVIS BUDGET GROUP - EXPECTS TO CONTINUE TO FACE CERTAIN ONGOING HEADWINDS IN 2018, INCLUDING INCREMENTAL IMPACT OF RISING INTEREST RATES & OTHER ITEMS

* FY2017 REVENUE VIEW $8.80 BILLION — THOMSON REUTERS I/B/E/S

* - COMPANY’S FINANCIAL PLANNING AND BUDGETING PROCESS FOR FISCAL 2018 IS STILL UNDERWAY Source text for Eikon: Further company coverage:

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