Support Skift’s Independent JournalismMake a Contribution Now
Sabre Corp. (SABR) on Tuesday reported first-quarter net income of $208.2 million, after reporting a loss in the same period a year earlier.
The Southlake, Texas-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, were 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The provider of technology services to the travel industry posted revenue of $710.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $699.6 million.
Sabre shares have risen 25 percent since the beginning of the year. The stock has risen 55 percent in the last 12 months.