Sabre Holdings Corporation today announced financial results for the first quarter 2004.
The company reported first quarter diluted earnings per share of $0.37 on an adjusted basis, and earnings per share of $0.31 on a GAAP basis. Revenue for the first quarter was $540 million.
“Sabre Holdings had an excellent quarter,” said Sam Gilliland, president and CEO, Sabre Holdings. “Our results were primarily driven by better-than- expected travel demand combined with lower company expenses. Across our businesses, we continued to execute on our core strategies. More specifically, we were very pleased with the progress at Travelocity.”
Sabre Holdings also announced today that its Board of Directors approved another stock repurchase program, authorizing the company to buy back up to $100 million of the company’s common stock.
Click here for full results: www.sabre-holdings.com