Globant: Q1 Earnings Snapshot

Associated Press Finance
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LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported first-quarter net income of $36.4 million.

On a per-share basis, the Luxembourg-based company said it had profit of 84 cents. Earnings, adjusted for one-time gains and costs, were $1.28 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The information technology services provider posted revenue of $472.4 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $472.1 million.

For the current quarter ending in June, Globant expects its per-share earnings to be $1.33.

The company said it expects revenue in the range of $496 million for the fiscal second quarter.

Globant expects full-year earnings to be $5.71 per share, with revenue expected to be $2.07 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

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