Form 8-K Sabre Corp For: May 08
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Sabre (SABR) Tops Q1 EPS by 3c
May 8, 2020 7:47 AM EDTSabre (NASDAQ: SABR) reported Q1 EPS of ($0.29), $0.03 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $659 million versus the consensus estimate of $666.89 million.
Business Outlook and Financial Guidance:
"Our thoughts are with those around the world who have been impacted by the COVID-19 pandemic," said Doug Barnett, CFO. "We are in a time of unprecedented disruption to the travel industry. The latest IATA projection is for a 55% reduction in passenger revenue in 2020, putting 25 million jobs around the world at risk.
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