SOUTHLAKE, Texas (AP) _ Sabre Corp. (SABR) on Tuesday reported fourth-quarter net income of $129.4 million.
The Southlake, Texas-based company said it had net income of 46 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 four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The provider of technology services to the travel industry posted revenue of $758.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $762.1 million.
For the year, the company reported profit of $545.5 million, or $1.95 per share. Revenue was reported as $2.96 billion.
Sabre expects full-year earnings in the range of $1.40 to $1.47 per share, with revenue in the range of $3.39 billion to $3.43 billion.
Sabre shares have declined 17 percent since the beginning of the year. The stock has climbed 4.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SABR at http://www.zacks.com/ap/SABR
Keywords: Sabre, Earnings Report
Automated Insights, source Associated Press News