Sabre: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 11:10 AM ET
Last Updated - Aug 01, 2024, 11:10 AM EDT
SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $69.8 million in its second quarter.
On a per-share basis, the Southlake, Texas-based company said it had a loss of 18 cents. Losses, adjusted for restructuring costs and stock option expense, came to 5 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The provider of technology services to the travel industry posted revenue of $767.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $750.1 million.
