NasdaqGS:SABRHospitality
Sabre (SABR) Stock Slides As Debt Concerns Eclipse Cash Progress
The market punished Sabre on the earnings headline, with the stock sliding about 8% to around US$2. Yet the quarter itself told a more complicated story. Revenue landed near US$712 million and normalized adjusted earnings before interest, tax, depreciation and amortization reached US$151 million, which translated into a solid margin for a travel technology business still working back from losses. The key issue for investors now is not whether Sabre can generate profit on an adjusted basis. It...