11:29 AM EDT, 08/01/2024 (MT Newswires) -- Sabre (SABR) shares retreated over 2% in recent Thursday trading despite posting a narrower Q2 adjusted loss and higher revenue that also topped analysts' expectations.

The company posted a Q2 adjusted loss of $0.05 per share, narrowing from a loss of $0.17 a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.08.

Revenue for the quarter ended June 30 was $767.2 million, up from $737.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $755.8 million.

The company said it expects Q3 revenue of roughly $775 million. Four analysts surveyed by Capital IQ expect $772.2 million.

For Q4, Sabre anticipates revenue of about $725 million. That compares with the consensus estimate of $728.4 million from four analysts polled by Capital IQ.

For 2024, the company said it now expects revenue of roughly $3.05 billion, up from its prior guidance of $3.04 billion. Analysts polled by Capital IQ expect $3.04 billion.

Price: 3.34, Change: -0.09, Percent Change: -2.62