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The filed complaint alleges that Sabre Corporation made materially false and/or misleading statements and/or failed to disclose that: 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.
In order to be eligible to join the SABR class action lawsuit, you must have incurred a loss on shares of Sabre purchased during the class period listed above.
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