earnings
confidence high
sentiment positive
materiality 0.70
Clarivate Q3 revenues $647M, up 1.8%; adj. EPS $0.21, up 5%; reaffirms FY23 outlook
CLARIVATE PLC
2023-Q3 EPS reported
-$0.18
revenue$1,945,100,000
- Revenue $647.2M, up 1.8% vs Q3 2022; organic revenue growth 1.7%.
- Adjusted net income $152.6M, up 6.2%; adjusted diluted EPS $0.21, up 5.0%.
- Academia & Government and LS&H segments each delivered highest quarterly revenue growth in past year.
- Free cash flow $101.7M, down from $140.4M due to timing of working capital.
- Company reaffirms full-year 2023 financial outlook.