Sabre Corporation (SABR) saw its stock price plummet 16.67% in pre-market trading on Thursday following the release of its second-quarter earnings report. The travel technology company's results fell short of analyst expectations, triggering a significant sell-off.

According to the earnings release, Sabre reported an adjusted loss per share of $0.02 for Q2, missing the consensus estimate of breakeven or a $0.01 loss per share. The company's revenue also disappointed, coming in at $687.15 million, well below analyst projections of $718.16 million. This represents a significant shortfall in both top and bottom-line performance.

While Sabre did report an adjusted EBITDA of $118 million for the quarter, it wasn't enough to offset investor concerns about the missed targets. The company's GAAP earnings per share stood at -$0.51, further highlighting the challenges Sabre faced during the quarter. As the travel industry continues to navigate post-pandemic recovery, Sabre's underperformance suggests it may be struggling to keep pace with expectations, leading to the sharp pre-market decline in its stock price.