Clarivate Q1 2024 GAAP EPS $0.14, Inline, Sales $621.200M Beat $614.860M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clarivate (NYSE:CLVT) reported Q1 2024 earnings of $0.14 per share, meeting analyst estimates but marking a 22.22% decrease from the previous year. Sales reached $621.2M, exceeding expectations by 1.03% but showing a 1.26% decrease year-over-year.
May 08, 2024 | 10:02 am
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Clarivate reported Q1 2024 earnings in line with estimates but saw a decrease in both EPS and sales compared to last year.
While Clarivate met EPS estimates and exceeded sales forecasts, the year-over-year decline in both earnings and sales could temper investor enthusiasm. The in-line EPS suggests operational stability, but the decrease in performance compared to the previous year might lead to cautious optimism among investors. The sales beat indicates resilience, yet the slight decrease year-over-year highlights challenges in growth. Overall, the mixed results could lead to a neutral short-term impact on the stock price, as positive and negative factors balance each other out.
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