as expected, this morning's earnings call made the news. even though sabre beat earnings estimates, SABR fell from a high of 4.30 to a low of 3.54 in intra-day trading before recovering to 3.75.
my take is that while management paint a rosy picture with GDS revenue recovering and the focus on payments and hospitality driving growth, analysts are leery because of past predictions not coming to fruition and the spectre of restructuring costs weighing down sabre's balance sheet.
https://seekingalpha.com/article/4600056-sabre-corporation-2023-q1-results-earnings-call-presentation
https://finance.yahoo.com/news/sabre-sabr-reports-q1-loss-133501185.html
https://skift.com/2023/05/04/sabre-is-cutting-15-percent-of-its-workforce-roughly-1100-jobs/
https://www.phocuswire.com/sabre-q1-2023-revenue-opportunities-cost-savings