Net income declined to $12.1 million, or 9 cents per share, from $21 million, or 16 cents per share, a year ago. Including benefits from the reversal of prior tax accruals and other one-time items, the company reported adjusted earnings per share of 22 cents.

Revenue rose 25 percent to $620.4 million from $495.9 million last year, driven by an 86 percent increase in Travelocity revenue to $234.5 million.

Analysts surveyed by Thomson Financial expected earnings per share of 19 cents on revenue of $621 million.

However, operating expenses for the quarter grew 30 percent to $613.4 million for the quarter from a year ago, and interest income expenses grew fivefold to $14.6 million.

For the full year, the company posted net income of $172.2 million, or $1.32 per share, down from $190.4 million, or $1.38 per share, last year. Sabre reported adjusted earnings per share of $1.50. Revenue rose 18 percent to $2.52 billion from $2.13 billion. Analysts forecast earnings per share of $1.47 on revenue of $2.59 billion.

Sabre forecast earnings per share of 10 cents to 14 cents, or 21 cents to 25 cents excluding items, on revenue of $680 million to $710 million in the first quarter. For the year, the company expects $1.23 to $1.30, or $1.70 to $1.77 adjusted, on revenue of growth of about 15 percent, or about $2.9 billion.

Analysts estimate earnings per share of 41 cents on revenue of $699.2 million in the first quarter, and $1.70 on revenue of $2.86 billion for the year.

Sabre Holdings shares fell 92 cents, or 3.7 percent, to $23.85 in morning trading on the New York Stock Exchange.