How are energy investors positioned?
NEW YORK - Globant S.A. (NYSE: GLOB) shares plunged 11% in after-hours trading on Thursday after the digital technology services provider issued weaker-than-expected guidance for the first quarter and full year 2025, overshadowing its fourth quarter earnings beat.
The Luxembourg-based company reported adjusted earnings per share of $1.75 for the fourth quarter, surpassing analyst estimates of $1.73. Revenue rose 10.6% year-over-year to $642.5 million, slightly below the consensus forecast of $645.44 million.
However, Globant’s outlook fell short of Wall Street expectations. For the first quarter of 2025, the company projects adjusted EPS of $1.55-$1.63 on revenue of $618-628 million, compared to analyst estimates of $1.65 EPS and $637 million in revenue.
The full-year 2025 guidance was also disappointing, with Globant forecasting adjusted EPS of $6.80-$7.20 on revenue of $2.635-2.705 billion. Analysts were expecting EPS of $7.34 and revenue of $2.746 billion.
"Globant achieved another quarter of record revenue, reaching $642.5 million, which reflects robust sequential growth, alongside an all-time high annual revenue of $2,415.7 million," said Juan Urthiague, Globant’s CFO. "We are confident in our ability to maintain this momentum and build on our success as we head into 2025."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.