Sabre Sees Q3 Revenue ~$775M Vs $772.21M Est.; Q4 Revenue ~$725M Vs $728.35M Est.; Raises FY24 Revenue From $3.04B To $3.05B Vs $3.036B Est.
Portfolio Pulse from Benzinga Newsdesk
Sabre Corporation has provided its financial outlook for Q3, Q4, and FY 2024. The company expects Q3 revenue to be around $775M, slightly above estimates, and Q4 revenue to be around $725M, slightly below estimates. For FY 2024, Sabre has raised its revenue forecast from $3.04B to $3.05B.
August 01, 2024 | 11:46 am
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Sabre Corporation has updated its financial outlook for Q3, Q4, and FY 2024. The company expects Q3 revenue to be around $775M, slightly above estimates, and Q4 revenue to be around $725M, slightly below estimates. For FY 2024, Sabre has raised its revenue forecast from $3.04B to $3.05B.
The positive revision in FY 2024 revenue forecast and Q3 revenue being slightly above estimates are likely to have a positive short-term impact on Sabre's stock price. However, the Q4 revenue being slightly below estimates may temper the overall positive sentiment.
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