By Rob Curran
Shares of Sabre rallied after the provider of booking technology to the travel industry logged first-quarter earnings ahead of Wall Street expectations.
Shares rose 23% to $2.26, on Thursday's premarket.
The Southlake, Texas, maker of reservation software, posted earnings of $8.1 million, or 2 cents a share, down from $35.3 million, or 9 cents a share.
Stripping out certain one-off items, Sabre logged adjusted earnings of 6 cents a share, in contrast to the average analyst target of a 7-cents-a-share loss.
Revenue rose 8% to $760.3 million, topping the average Wall Street peg of $739 million, as per FactSet.
The company backed a previous target for 2026 adjusted earnings before interest, taxes, depreciation and amortization of about $585 million.
"While the conflict in the Middle East and higher fuel prices have weighed on near-term air bookings, our outlook assumes the conflict subsides during the second quarter," said President and Chief Executive Kurt Ekert, in a statement.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 07, 2026 09:19 ET (13:19 GMT)
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