Sabre: Q4 Earnings Snapshot

Associated Press Finance
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SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $96.5 million in its fourth quarter.

The Southlake, Texas-based company said it had a loss of 26 cents per share. Losses, adjusted for one-time gains and costs, were 12 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The provider of technology services to the travel industry posted revenue of $687.1 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $707.9 million.

For the year, the company reported a loss of $527.6 million, or $1.56 per share. Revenue was reported as $2.91 billion.

For the current quarter ending in March, Sabre said it expects revenue in the range of $750 million.

The company expects full-year revenue of $3 billion.

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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

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