GLOB's Q1 Earnings & Revenues Miss Estimates, Stock Tumbles

Globant (GLOB) reported first-quarter 2025 non-GAAP earnings per share (EPS) of $1.50, missing the Zacks Consensus Estimate of$1.58. It reported earnings of $1.53 per share in the prior-year quarter. Revenues in the quarter totaled$611.1 million, lagging the Zacks Consensus Estimate of $622 million. However, the top line rose 7% year over year, driven by secular growth trends in AI-related opportunities and healthy business momentum. Globant’s management highlighted the company's intensified focus on AI a ...