CI&T Q3 Earnings, Revenue Rise; Updates 2024 Revenue Guidance

MT Newswires Live
14 Nov 2024

CI&T (CINT) reported Q3 earnings Thursday of 0.21 Brazilian real ($0.04) per diluted share, up from 0.19 real a year earlier.

Analysts polled by Capital IQ expected 0.29 real.

Net revenue for the quarter ended Sept. 30 was 622.2 million reais, up from 529.1 million reais a year earlier.

Analysts polled by Capital IQ expected 597.2 million reais.

The company now expects 2024 net revenue to grow between 0.5% to 2%, compared with its prior guidance for a 0.5% decline to 2.5% growth. Analysts polled by Capital IQ expect 2.34 billion reais.

For Q4, net revenue is expected from 620 million reais to 655 million reais. Analysts surveyed by Capital IQ expected 624.5 million reais.

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