Sabre (SABR) Soars 7% on Narrower Q2 Loss, Upbeat FY24 Guidance
SABRSabre(SABR) ZACKS·2024-08-02 00:16

Sabre Corporation (SABR) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024. Sabre reported an adjusted loss of 5 cents per share, narrower than the Zacks Consensus Estimate of a loss of 8 cents per share. Moreover, the figure was narrower than the year-ago quarter's loss of 17 cents per share. The year-over-year improvement in the bottom line reflects the benefits of incr ...