Sabre: Q3 Earnings Snapshot
SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Wednesday reported third-quarter profit of $848.7 million.
The Southlake, Texas-based company said it had profit of $1.98 per share. Losses, adjusted for one-time gains and costs, were 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of technology services to the travel industry posted revenue of $715.2 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $708.8 million.
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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