SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Wednesday reported a loss of $103.1 million in its fourth quarter.
On a per-share basis, the Southlake, Texas-based company said it had a loss of 26 cents. Losses, adjusted for restructuring costs and pretax expenses, were 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The provider of technology services to the travel industry posted revenue of $666.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $653.4 million.
For the year, the company reported profit of $524.6 million, or $1.34 per share. Revenue was reported as $2.77 billion.
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