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: $1.52
Next quarter revenue guidance: $612.0 Mln
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