Abhoy Sarkar's Avatar
published in Blogs
Aug 21, 2022
Globant (GLOB, $224.58) Q2 earnings tops analysts' expectations

Globant (GLOB, $224.58) Q2 earnings tops analysts' expectations

Globant SA reported second-quarter earnings of 87 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came in at $1.22 per share, topping the $1.21 per share expected by seven analysts polled by Zacks Investment Research.

The information technology company’s  revenue in the quarter was $429.3 million, which exceeded expectations  of $427 million (according to Zacks survey).

For the quarter ending in October, Globant is expecting its per-share earnings to be $1.24, and revenue of $456 million for the fiscal third quarter. For the full-year, the company projects earnings to be $5.03 per share, and revenue $1.78 billion.

Related Tickers: GLOB