Clear Secure, Inc. (YOU) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $103.286 million, or $0.83 per share. This compares with $13.975 million, or $0.15 per share, last year.
Excluding items, Clear Secure, Inc. reported adjusted earnings of $126.6 million or $0.90 per share for the period.
Analysts on average had expected the company to earn $0.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 20.7% to $206.270 million from $170.965 million last year.
Clear Secure, Inc. earnings at a glance (GAAP) :
-Earnings: $103.286 Mln. vs. $13.975 Mln. last year.
-EPS: $0.83 vs. $0.15 last year.
-Revenue: $206.270 Mln vs. $170.965 Mln last year.
Looking ahead, for the first quarter, Clear Secure expects revenue of $207 to $209 million, in line with analysts' forecast of $207.75 million.
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