Recap: Globant Q3 Earnings
Portfolio Pulse from Benzinga Insights
Globant (NYSE:GLOB) reported Q3 earnings with an EPS of $1.48, exactly in line with estimates. Revenue increased by $86.40 million compared to the same period last year. In the previous quarter, a slight EPS beat resulted in a 7.93% share price increase the following day. Historical data shows consistent performance in beating revenue estimates.
November 16, 2023 | 9:25 pm
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POSITIVE IMPACT
Globant reported Q3 earnings with an EPS of $1.48, meeting estimates, and a significant year-over-year revenue increase. Historical performance suggests potential positive market reaction.
Globant's in-line earnings report and increased revenue are likely to be viewed positively by investors, especially considering the stock's positive reaction to last quarter's earnings beat. However, since the EPS was not a beat but merely met expectations, the impact may be more muted compared to the previous quarter.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100