Globant Q3 Adj $1.48 Beats $1.47 Estimate, Sales $545.28M Beat $545.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Globant (NYSE:GLOB) reported Q3 adjusted earnings of $1.48 per share, surpassing the consensus estimate of $1.47 by 0.68%. The company's quarterly sales reached $545.28M, slightly beating the estimate of $545.23M. These figures represent a 16.54% increase in earnings and an 18.83% increase in sales compared to the same period last year.
November 16, 2023 | 9:24 pm
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POSITIVE IMPACT
Globant reported higher-than-expected Q3 earnings and sales, indicating strong financial performance and potential investor confidence.
Globant's earnings and sales beat estimates, which typically leads to positive investor sentiment and can drive the stock price up in the short term. The growth in earnings and sales compared to the previous year further strengthens the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100