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Globant: Q2 Earnings Snapshot
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LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported second-quarter net income of $1.8 million.

On a per-share basis, the Luxembourg-based company said it had profit of 4 cents. Earnings, adjusted for one-time gains and costs, came to $1.40 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The information technology services provider posted revenue of $614.4 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $613.2 million.

For the current quarter ending in September, Globant expects its per-share earnings to range from $1.43 to $1.53.

The company said it expects revenue in the range of $607 million to $615 million for the fiscal third quarter.

Globant expects full-year earnings in the range of $5.75 to $6.15 per share, with revenue ranging from $2.43 billion to $2.46 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLOB at https://www.zacks.com/ap/GLOB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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