U.S. Markets closed

Sabre: 1Q Earnings Snapshot

SOUTHLAKE, Texas (AP) _ Sabre Corp. (SABR) on Tuesday reported first-quarter net income of $56.9 million.

The Southlake, Texas-based company said it had net income of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to 34 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The provider of technology services to the travel industry posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion.

Sabre expects full-year revenue in the range of $3.97 billion to $4.05 billion.

Sabre shares have risen nearly 6% since the beginning of the year. The stock has risen 11% in the last 12 months.

_____

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