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Why Sabre Stock Crashed 15% Today

TheMotleyFool

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Why Sabre Stock Crashed 15% TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of travel industry software provider Sabre (NASDAQ: SABR) are getting destroyed today, down 15.1% in the afternoon despite the company having just shared a strong third-quarter earnings report this morning.

Analysts had forecast Sabre would lose $0.55 per share on $445.9 million for the quarter. The news wasn't quite as bad as that, however. Sabre only lost $0.50 per share, although its sales came in a bit light at $441 million.

Image source: Getty Images.

Source Fool.com

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