Sabre Corp (SABR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.35. The company posted revenue of $845.20 million in the period, compared to analysts expectations of $849.06 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Sabre Corp closed down -0.12 points or -0.41% at $29.15 with 27,01,362 shares getting traded on Friday. Post opening the session at $29.39, the shares hit an intraday low of $29.01 and an intraday high of $29.63 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 7, 2016, Hugh W Jones (Executive Vice President) sold 106,036 shares at $26.98 per share price. According to the SEC, on Jul 5, 2016, Lawrence W Kellner (director) sold 25,000 shares at $26.86 per share price. On Jun 21, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $27.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.