Sabre (SABR – Free Report) reported a narrower-than-expected loss for fourth-quarter 2021. The company’s adjusted loss per share of 47 cents came in narrower than the Zacks Consensus Estimate of a loss of 49 cents. The quarterly adjusted loss is also narrower than the year-ago quarter’s 80 cents per share.
Sabre delivered revenues of $501 million in the fourth quarter, significantly higher than revenues of $314 million posted in the year-ago quarter and surpassed the Zacks Consensus Estimate of $475.5 million as well. This year-over-year surge in the top line reflects the continued gradual recovery in the global air, hotel and other bookings.
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