SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $98.9 million in its first quarter.
The Southlake, Texas-based company said it had a loss of 32 cents per share. Losses, adjusted for one-time gains and costs, came to 18 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The provider of technology services to the travel industry posted revenue of $742.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $727.7 million.
Sabre expects full-year revenue in the range of $2.8 billion to $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 SABR">Zacks stock report on SABR at https://www.zacks.com/ap/SABR