Based in Texas, Sabre Corporation (SABR – Free Report) provides software and technology solutions that powers the global travel industry. The company connects leading travel suppliers, including tour operators, airlines, rail carriers, car rental brands, hotels, and cruise lines, with travel buyers in a comprehensive marketplace.
Why SABR’s Q1 Earnings Disappointed
Shares of Sabre plunged as much as 13% the day of its Q1 earnings release after the results fell well short of expectations.
Revenue fell by half to $327 million, significantly below the Street estimate of $410.6 million and last year’s figure of $659 million. Management attributed the sales decline to reductions in global air,…