Shares of Sabre (NASDAQ:SABR) were unchanged at $6.68 after the company reported Q1 results.
Earnings per share were down 185.29% over the past year to ($0.29), which beat the estimate of ($0.32).
Revenue of $658,977,000 lower by 37.18% year over year, which missed the estimate of $666,890,000.
Sabre hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: May 08, 2020
Time: 11:04 PM ET
Webcast URL: https://edge.media-server.com/mmc/p/i22pjrt4
Company's 52-week high was at $25.44
52-week low: $3.30
Price action over last quarter: down 53.93%
Sabre holds the number-two share of global distribution system air bookings (38.8% as of the end of 2019 versus 37.1% in 2018). The global distribution system segment represented 73% of total 2019 revenue. The company also has a growing IT solutions division (27% of revenue) that focuses on the airline, hospitality, and travel agent end markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.