Levi & Korsinsky notifies investors that it has commenced an investigation into Sabre Corporation (NASDAQ: SABR) concerning potential violations of the federal securities laws.
On February 15, 2024, Sabre announced Q4 FY2023 financial results that missed analysts’ expectations. Additionally, the Company updated its revenue guidance and adjusted EBITDA outlook for Q1 and full year 2024 that was below analysts’ estimates. Analysts commenting on the lowered guidance noted the Company’s declining revenue over the last five years and its “large exposure” to the uncertainty of long-haul corporate travel in the industry. Following this news, Sabre’s stock price fell by $0.99 per share, or approximately 22% to close at $3.42 per share.
If you suffered a loss on your Sabre securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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