Globant Reports 2016 Full Year and Fourth Quarter Financial Results

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Globant S.A. (GLOB) PT Lowered to $36 at Cantor Fitzgerald Following 4Q Results

February 17, 2017 7:24 AM EST

Cantor Fitzgerald analyst Joseph Foresi maintains Neutral rating and lowers price target on Globant SA (NYSE: GLOB) to $36 (from $43), suggesting patience for a better risk/reward entry, as the company reported 2016 fourth quarter results in-line with estimates, while offering in-line 2017 guidance.

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Globant (GLOB) Reports In-Line Q4 Non-IFRS EPS

February 16, 2017 4:20 PM EST

Globant (NYSE: GLOB) reported Q4 Non-IFRS EPS of $0.31, in-line with the analyst estimate of $0.31. Revenue for the quarter came in at $87.3 million versus the consensus estimate of $85.95 million.

For earnings history and earnings-related data on Globant (GLOB) click here.

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