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Sabre: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

SOUTHLAKE, Texas (AP) _ Sabre Corp. (SABR) on Friday reported a first-quarter loss of $212.7 million, after reporting a profit in the same period a year earlier.

The Southlake, Texas-based company said it had a loss of 78 cents per share. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 29 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.

The provider of technology services to the travel industry posted revenue of $659 million in the period.

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Sabre shares have declined 70% since the beginning of the year. The stock has declined 68% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SABR at https://www.zacks.com/ap/SABR