Why Sabre (SABR) Shares Are Sliding Today
Sabre (NASDAQ:SABR) shares fell 7.6% after the company revised its full-year financial forecast downwards, signaling weaker performance and a significant reduction in pro-forma free cash flow projections. This continued the negative investor sentiment sparked by mixed third-quarter results and rising expenses aimed at product development, leading to a 57.6% year-to-date decline in share value. The market views this news as meaningful but not fundamentally altering its perception of the business despite the stock's high volatility.
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