Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Sabre Stock Was Soaring on Tuesday

TheMotleyFool

0 0

Travel industry software specialist Sabre (NASDAQ: SABR) unveiled its latest quarterly results on Tuesday morning. The company's stock vaulted skyward -- by nearly 22% as of mid-afternoon trading -- thanks to a top-line figure that beat analyst expectations, and some optimistic pronouncements by management.

For its fourth quarter, Sabre booked almost $501 million in revenue, which was a sturdy 60% higher on a year-over-year basis. The travel sector mainstay also managed to narrow its non-GAAP (adjusted) net loss, which came in at nearly $152 million ($0.47 per share) against the Q4 2020 shortfall of $253 million.

Image source: Getty Images.

Source Fool.com

Like: 0

SABR

Share