The company reported a adjusted benefit of US $ S1,75 for the fourth quarter, exceeding the estimates of US $ s1,73 analysts. But the forecasts were weaker than expected for the first quarter of 2025.
The Globant Actions (GLOB) They collapsed 27.8% This Friday, February 21 at Wall Street, after Issue a weaker forecast than expected for the first quarter of 2025and not fulfilling the perspective of the full year. Thus, their results of the fourth quarter were eclipsed, which exceeded the estimates.
The digital technology service provider, of Argentine origin and based in Luxembourg reported a benefit per adjusted action of U $ S1,75 For the fourth quarter, overcoming the estimates of the analysts of U $ S1,73. Income increased a 10.6% interannual until 642.5 million dollarsslightly below the consensus forecast of 645.44 million dollars.
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Globant’s prospects were below the expectations of Wall Street. For the first quarter of 2025, the company projects a adjusted BPA of U $ S1,55-1,63 on income from 618-628 million dollarscompared to the estimates of the analysts of U $ S1,65 of BPA and 637 million dollars of income.
The forecasts for the full year 2025 were also disappointing, with Globant forecasting a adjusted BPA of U $ S6,80-7,20 on income from 2,635-2,705 million dollars. Analysts were waiting for a BPA of U $ S7,34 and income from 2,746 million dollars.
“Globant achieved another quarter of record income, reaching 642.5 million dollars, which reflects a solid sequential growth, along with an annual record income of 2,415.7 million dollars,” he said Juan UrthiagueCFO of Globant. “We trust our ability to maintain this impulse and build on our success as we enter 2025”.
Source: Ambito
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