Sabre (SABR) Tumbles 2% on Wider-Than-Expected Loss in Q4 - February 17, 2021
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Sabre (SABR) Tumbles 2% on Wider-Than-Expected Loss in Q4 – February 17, 2021

Shares of Sabre Corporation (SABR Free Report) fell more than 2% on Tuesday after the provider of software and technology solutions to travel industry reported a wider-than-expected loss for fourth-quarter 2020. The company’s adjusted loss per share of 77 cents came in much wider than the Zacks Consensus Estimate of a loss of 67 cents. The bottom-line figure also compares unfavorably with the year-ago quarter’s earnings of 16 cents per share.

The company’s revenues plunged to $314 million from the $941 million reported in the fourth quarter of 2019. Revenues were primarily affected by significant reductions in air, hotel and other travel bookings due to the coronavirus pandemic’s…

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