Clarivate Q2 2024 Adj. EPS $0.20 Beats $0.18 Estimate, Sales $650.300M Miss $651.876M Estimate
Portfolio Pulse from Benzinga Newsdesk
Clarivate (NYSE:CLVT) reported Q2 2024 adjusted EPS of $0.20, beating the analyst estimate of $0.18. However, sales of $650.3 million missed the $651.876 million estimate and were down 2.77% year-over-year.
August 06, 2024 | 10:01 am
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Clarivate's Q2 2024 adjusted EPS of $0.20 beat estimates by 11.11%, but sales of $650.3 million missed estimates by 0.24% and were down 2.77% year-over-year.
The positive EPS surprise is offset by the slight miss in sales and the year-over-year decline in revenue. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100