Clarivate Q2 Adj EPS $0.21 Beats $0.19 Estimate, Sales $668.80M Miss $675.47M Estimate
Portfolio Pulse from totan@benzinga.com
Clarivate reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $0.19 by 10.53%. However, the company's quarterly sales of $668.80 million missed the analyst consensus estimate of $675.47 million by 0.99%. This represents a 4.55% decrease in earnings and a 2.59% decrease in sales compared to the same period last year.
August 04, 2023 | 12:44 pm
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NEUTRAL IMPACT
Clarivate's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Clarivate's earnings beat estimates, which is a positive signal. However, the miss on sales could be a concern for investors, potentially leading to mixed sentiment and uncertain short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100