NEW YORK (TheStreet) -- Shares of Sabre(SABR) - Get Report are falling 8.47% to $26.81 on heavy trading volume mid-afternoon on Tuesday after the company posted weaker-than-expected revenue for the 2016 second quarter and gave a downbeat outlook.
Before today's opening bell, the Southlake, TX-based travel technology company posted revenue of $845.2 million, below analysts' estimates of $849.7 million. Revenue rose 19.5% year-over-year.
Adjusted earnings of 37 cents per share topped analysts' projections by a penny.
For 2016, Sabre forecasts adjusted earnings per share between $1.40 and $1.47 on revenue of $3.39 billion to $3.43 billion.
Analysts are looking for earnings of $1.46 per share on revenue of $3.42 billion.
About 11.3 million of the company's shares were traded so far today vs. its average 30-day volume of 2.97 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations, expanding profit margins and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SABR