Globant S.A. (GLOB) announced a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $30.50 million, or $0.68 per share. This compares with $43.93 million, or $1.02 per share, last year.
Excluding items, Globant S.A. reported adjusted earnings of $67.84 million or $1.50 per share for the period.
Analysts on average had expected the company to earn $1.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.0% to $611.085 million from $571.078 million last year.
Globant S.A. earnings at a glance (GAAP) :
-Earnings: $30.50 Mln. vs. $43.93 Mln. last year.-EPS: $0.68 vs. $1.02 last year.-Revenue: $611.085 Mln vs. $571.078 Mln last year.
-Guidance:Next quarter EPS guidance: $1.52Next quarter revenue guidance: $612.0 Mln
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.