Globant : Q4 Earnings Snapshot

<p>LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported fourth-quarter net income of $41.6 million.</p>
<p>The Luxembourg-based company said it had net income of 93 cents per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.</p>
<p>The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.54 per share.</p>
<p>The information technology services provider posted revenue of $612.5 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $605.8 million.</p>
<p>For the year, the company reported profit of $102.9 million, or $2.29 per share. Revenue was reported as $2.45 billion.</p>
<p>For the current quarter ending in March, Globant expects its per-share earnings to range from $1.44 to $1.54.</p>
<p>The company said it expects revenue in the range of $598 million to $604 million for the fiscal first quarter.</p>
<p>Globant expects full-year earnings in the range of $6.10 to $6.50 per share, with revenue ranging from $2.46 billion to $2.51 billion.</p>
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<p>This story was generated by <a href="http://www.automatedinsights.com/ap">Automated Insights</a> (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a <a href="https://www.zacks.com/ap/GLOB">Zacks stock report on GLOB</a> at https://www.zacks.com/ap/GLOB</p>
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