NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Sabre Corporation ("Sabre") (NASDAQ:SABR) concerning possible violations of 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. To obtain additional information, go to:
https://zlk.com/pslra-1/sabre-lawsuit-submission-form?prid=94734&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP