Clarivate: Q2 Earnings Insights

Shares of Clarivate CCC moved higher by 2.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 162.07% over the past year to $0.18, which beat the estimate of $0.14.

Revenue of $276,900,000 rose by 14.23% year over year, which missed the estimate of $286,680,000.

Guidance

Clarivate Analytics reaffirmed its FY20 guidance.

Conference Call Details

Date: Jul 30, 2020

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/clarivate/mediaframe/36163/indexr.html

Technicals

Company's 52-week high was at $28.82

52-week low: $15.00

Price action over last quarter: Up 20.32%

Company Overview

Clarivate PLC is an information services and analytics company serving the scientific research, intellectual property and life sciences end-markets. It provides structured information and analytics to facilitate the discovery, protection, and commercialization of scientific research, innovations and brands. Geographically, it derives a majority of revenue from the Americas and also has a presence in Middle East/Africa/Europe and the Asia Pacific.