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Clarivate Q1 Adjusted Earnings, Revenue Fall; 2024 Guidance Reiterated
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Clarivate Q1 Adjusted Earnings, Revenue Fall; 2024 Guidance Reiterated
May 8, 2024 4:10 AM

06:57 AM EDT, 05/08/2024 (MT Newswires) -- Clarivate ( CLVT ) reported Q1 adjusted earnings Wednesday of $0.14 per diluted share, down from $0.18 a year earlier.

Analysts polled by Capital IQ expected $0.14.

Revenue for the quarter ended March 31 was $621.2 million, down from $629.1 million a year earlier.

Analysts surveyed by Capital IQ expected $614.9 million.

The company said it continues to expect 2024 adjusted EPS of $0.70 to $0.80 on revenue of $2.57 billion to $2.67 billion. Analysts surveyed by Capital IQ expect $0.74 in normalized EPS and $2.62 billion in revenue.

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