SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $62.8 million in its third quarter.
On a per-share basis, the Southlake, Texas-based company said it had a loss of 16 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The provider of technology services to the travel industry posted revenue of $764.7 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $773.5 million.
For the current quarter ending in December, Sabre said it expects revenue in the range of $715 million.
The company expects full-year revenue of $3.03 billion.
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