CLARIVATE Plc (CLVT) reported Loss for fourth quarter of -$191.8 million
The company's earnings totaled -$191.8 million, or -$0.27 per share. This compares with -$843.9 million, or -$1.30 per share, last year.
The company's revenue for the period fell 3.0% to $663 million from $683.7 million last year.
CLARIVATE Plc earnings at a glance (GAAP) :
-Earnings: -$191.8 Mln. vs. -$843.9 Mln. last year.-EPS: -$0.27 vs. -$1.30 last year.-Revenue: $663 Mln vs. $683.7 Mln last year.
The company’s fourth-quarter net earnings were supported by narrower operating expenses and an income tax benefit.
For the fourth quarter, Clarivate registered total operating expenses of $725.3 million, compared with $1.471 billion posted for the same period last year. Income tax benefit stood at $59.6 million as against the prior year’s provision of $18 million.
Excluding items, the company reported fourth-quarter earnings of $145.5 million or $0.21 per share, lesser than $163.4 million or $0.23 per share a year ago.
Looking ahead, for the full-year 2025, the company expects a decline in earnings and revenue. Clarivate projects annual adjusted income per share of $0.60 to $0.70, on revenue of $2.28 to $2.40 billion.
For the full-year 2024, the company has recorded adjusted income per share of $0.73 on revenue of $2.556 billion.
CLVT was down by 4.55 percent at $4.610 in the pre-market trade on the New York Stock Exchange.
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