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Clarivate Plc (CLVT) Stock Analysis

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Free AI-powered analysis and research for Clarivate Plc stock

Sector: Technology

Full CLVT report

Clarivate Plc (CLVT) is listed in the Technology sector. The snapshot on this page updates daily; run a full report for the complete breakdown.

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πŸ“° Latest Update

Clarivate Shares Drop Nearly 7% as Q3 Revenue Miss Overshadows Earnings Beat

Clarivate Plc (NYSE:CLVT) saw its shares drop 6.63% in premarket trading after reporting third-quarter adjusted earnings of $0.21, which exceeded analyst expectations, but revenue fell 9.2% to $481.6 million, significantly missing the $566.77 million forecast. The revenue decline was largely attributed to business disposals, although organic revenue increased slightly by 0.4%. Despite the earnings beat, the company's full-year revenue guidance of $1.96 billion to $1.98 billion remains well below analyst expectations of $2.2 billion.

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