From Financial Modeling Prep: 2024-11-06 21:00:05

Clarivate Plc (NYSE:CLVT) missed Q3 earnings estimates with an EPS of -$0.09128 and revenue of $622.2 million, below expectations. The company reported a net loss of $65.6 million and faced challenges with financial ratios, including a negative P/E ratio of -2.68 and liquidity concerns due to a current ratio of 0.88.

During the earnings call, CEO Matti Shem Tov and CFO Jonathan Collins discussed Clarivate’s financial performance, highlighting a 3.9% decrease in revenue to $622.2 million. Subscription revenues increased by 0.6%, but organic revenues were down 2.6%. Adjusted net income fell by 12.1% to $134.1 million, and adjusted diluted EPS decreased by 9.5% to $0.19.

For the nine months ending September 30, 2024, Clarivate reported a 2.6% revenue decrease to $1.89 billion, with a net loss of $444.9 million and a net loss per diluted share of $0.69. The company faced challenges with financial ratios, including a negative P/E ratio of -2.68 and a current ratio of 0.88, indicating liquidity concerns.



Read more at Financial Modeling Prep:: Clarivate Plc (NYSE:CLVT) Q3 Earnings Overview