Itau BBA Downgrades Globant S.A. (GLOB) to Market Perform
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Globant (GLOB) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus, 2Q EPS Outlook Below Consensus
May 14, 2020 4:22 PM EDTGlobant (NYSE: GLOB) reported Q1 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $191.6 million versus the consensus estimate of $188.79 million.
First Quarter 2020 Financial Highlights
Revenues rose to $191.6 million, representing 31.1% year-over-year growth compared to the first quarter of 2019.IFRS Gross Profit margin was 37.7% compared to 39.3% in the first quarter of 2019.Non-IFRS Adjusted Gross Profit Margin was 39.5% compared to 41.1% in the first quarter of 2019.IFRS Profit from Operations Margin was 9.8% compared to 12.6% in the first quarter of 2019.Non-IFRS Adjusted Profit from Operations... More