10:59 AM EDT, 10/31/2024 (MT Newswires) -- Sabre's (SABR) shares fell past 15% in recent Thursday trading after the company's Q3 revenue fell short of market expectations.

Revenue for the quarter ended Sept. 30 was $764.7 million, up from $740.5 million a year earlier. Analysts surveyed by Capital IQ expected $775.5 million.

The travel technology company narrowed its Q3 adjusted loss to $0.04 per share from $0.06 a year ago. Analysts polled by Capital IQ expected a loss of $0.04.

The company said it expects Q4 and full-year revenue to be about $715 million and $3.03 billion, respectively. Analysts surveyed by Capital IQ expect $721.8 million and $3.05 billion.

Price: 3.54, Change: -0.57, Percent Change: -13.78