Sabre Holdings Corp. reported Thursday a 16% rise in third-quarter profit, with brisk sales growth at Travelocity, its on-line booking service, and Sabre Airline Solutions driving results.

For the quarter ended Sept. 30, Sabre posted a net income of $67.6 million, or 52 cents a share, up from a year-ago profit of $58.5 million, or 45 cents a share.

Global sales at Travelocity rose 16.2% in the third quarter to $321.3 million from $276.6 million a year ago, making it the company's fastest-growing business segment, while booking growth was 18%.

Analysts said the market had been hoping for slightly higher booking growth at Travelocity. "This morning's 0.7% to 1.3% sell-off in Internet travel stocks, relative to a 0.5% decline in the NASDAQ, may reflect disappointment regarding Travelocity's bookings growth, which came in below our forecast," BMO Capital Markets analyst Brian Egger said in a note to clients. He left unchanged his outperform rating on the company.

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