Globant S.A. (GLOB) is a global technology services firm. It provides transformational programs, ROI and cost efficiency, new income sources, and E-mission. The information technology services company announced $0.85 earnings per share for the first quarter ended March 31, 2022, topping the average estimate of $0.79 by $0.06. Revenue for the quarter was $379.82 million, compared to the consensus expectation of $361.26 million.
However, its shares are down 18.35% over the past year and 43.3% year-to-date to close yesterday’s trading session at $178.09. in addition, the stock is currently trading 49.8% below its 52-week high of $354.62, which it hit on November 09, 2021.
