LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported first-quarter profit of $30.6 million.
On a per-share basis, the Luxembourg-based company said it had net income of 68 cents. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The information technology services provider posted revenue of $611.1 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $622.4 million.
For the current quarter ending in June, Globant expects its per-share earnings to be $1.52.
The company said it expects revenue in the range of $612 million for the fiscal second quarter.
Globant expects full-year earnings to be $6.10 per share, with revenue expected to be $2.46 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLOB at https://www.zacks.com/ap/GLOB
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