Globant Q3 Adjusted Earnings, Revenue Rise; Sets Guidance

MT Newswires Live
2024-11-15

Globant (GLOB) reported Q3 adjusted earnings late Thursday of $1.63 per diluted share, up from $1.48 a year earlier.

Analysts polled by Capital IQ expected $1.63.

Revenue for the quarter that ended Sept. 30 was $614.7 million, up from $545.3 million a year earlier.

Analysts surveyed by Capital IQ expected $614.6 million.

The company said it expects adjusted EPS of $1.71 to $1.75 for Q4 and $6.37 to $6.43 for the full year. Analysts surveyed by Capital IQ expect $1.74 for Q4 and $6.40 for the year.

Globant expects revenue of $642 million to $648 million for Q4 and revenue of $2.415 billion to $2.421 billion for the full-year . Analysts expect $643 million for Q4 and $2.418 billion for 2024.

Globant shares were down about 2% in after-hours activity.

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