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Sabre (NASDAQ:SABR) Posts Earnings Results
['Tyrone Williams']
Daily Political
Sabre (NASDAQ:SABR – Get Free Report) released its quarterly earnings results on Thursday.
The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13), FiscalAI reports.
Sabre is increasing second-half technology investment, including spending on AI, Sabre Mosaic, and lodging.
Sabre Price PerformanceShares of Sabre stock traded down $0.17 during trading on Friday, hitting $2.07.
Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers.