Sabre rises on surprise Q1 revenue growth forecast

Sabre

20/02/2025 14:04

** Shares of travel industry software maker Sabre  SABR.O 
gain 4.4% to $3.50 before the bell
    ** Forecasts y-o-y Q1 revenue growth of flat-to-low-single
digit vs estimate of decline of 0.9% — data compiled by LSEG
    ** Co posts Q4 rev. of $715 mln, below estimate of $716.6
mln
    ** Co's Q4 adj. loss of 8 cents/share was in line with
estimate, driven by cost savings measures of cloud migrations,
and lower labor and professional costs
    ** Shares shed ~14.5% in 2024

 (Reporting by Rishi Kant in Bengaluru)
 ((Rishi.Kant@thomsonreuters.com))