Tech firm Globant updated its FY 2024 earnings and revenue guidance, aligning closely with analyst forecasts.

Technology services company Globant updated its FY 2024 earnings guidance, projecting earnings per share (EPS) of 6.370-6.430, close to the consensus estimate of 6.400. It also issued revenue guidance of $2.4 billion, aligned with forecasts. For Q4, Globant expects EPS of $1.71-1.75. The company's shares fell on the earnings announcement, trading at $228.52. Globant reported a 18.1% revenue increase in the latest quarter compared to the same period last year. Analysts predict 5.06 EPS for the year, with a "Moderate Buy" rating and a price target of $227.00.

November 14, 2024
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