Clear Secure, Inc. (YOU) revealed earnings for its third quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $23.47 million, or $0.25 per share. This compares with $15.35 million, or $0.17 per share, in last year's third quarter.
Excluding items, Clear Secure, Inc. reported adjusted earnings of $42.46 million or $0.30 per share for the period.
Analysts on average had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 23.7% to $198.42 million from $160.39 million last year.
Clear Secure, Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $23.47 Mln. vs. $15.35 Mln. last year.
-EPS (Q3): $0.25 vs. $0.17 last year.
-Revenue (Q3): $198.42 Mln vs. $160.39 Mln last year.
-Guidance:
Next quarter revenue guidance: $202 mln-$204 mln
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