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.