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Sabre (SABR) Stock Slides on Q3 Miss, Guidance

NEW YORK (TheStreet) -- Shares of Sabre (SABR) were down 7.39% to $24.43 on heavy trading volume late Wednesday morning after the company reported lower-than-anticipated 2016 third quarter results and gave a downbeat forecast.

Before the opening bell, the Southlake, TX-based travel technology company posted adjusted earnings of 27 cents per share, falling short of analysts' estimates of 33 cents per share.

Revenue rose 6.9% year-over-year to $839 million but missed Wall Street's projections of $852 million.

For the fourth quarter, the company projects that revenue will grow between 8% to 12% over last year's fourth quarter revenue of...


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