Clarivate Plc (CLVT) shares plunged 6.63% in pre-market trading on Wednesday, following the company's release of fourth-quarter results that missed expectations and weaker-than-expected guidance for 2025.
The company reported adjusted earnings of $0.21 per diluted share for Q4 2024, down from $0.23 a year earlier and slightly above analysts' estimates of $0.20. However, revenue for the quarter fell to $663 million from $683.7 million a year ago, missing analysts' expectations of $660.1 million.
Clarivate's disappointing performance was compounded by its 2025 guidance, which projected adjusted diluted earnings per share of $0.60 to $0.70 on revenue of $2.28 billion to $2.40 billion. This outlook fell short of analysts' forecasts of $0.71 per diluted share on revenue of $2.53 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.