Sabre: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 08:27 AM ET
Last Updated - Jun 21, 2023, 10:53 PM EDT
SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $98.9 million in its first quarter.
The Southlake, Texas-based company said it had a loss of 32 cents per share. Losses, adjusted for one-time gains and costs, came to 18 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The provider of technology services to the travel industry posted revenue of $742.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $727.7 million.
