Clarivate CLVT reported its Q2 earnings results on Tuesday, August 9, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Clarivate beat estimated earnings by 10.0%, reporting an EPS of $0.22 versus an estimate of $0.2.
Revenue was up $239.60 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.93% drop in the share price the next day.
Here's a look at Clarivate's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.18 | 0.21 | 0.15 | 0.17 |
EPS Actual | 0.21 | 0.23 | 0.16 | 0.17 |
Revenue Estimate | 668.29M | 560.10M | 447.39M | 435.24M |
Revenue Actual | 662.20M | 560.20M | 442.20M | 447.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Clarivate management provided guidance for FY 2022, expecting earnings between $0.8 and $0.9 per share.
To track all earnings releases for Clarivate visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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