LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported first-quarter earnings of $37 million.
The Luxembourg-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, were $1.50 per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1.50 per share.
The information technology services provider posted revenue of $607.1 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $602.2 million.
For the current quarter ending in June, Globant expects its per-share earnings to range from $1.45 to $1.55.
The company said it expects revenue in the range of $610 million to $616 million for the fiscal second quarter.
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.
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