🔴 Globant is trading 13.2% down in pre-market after softer Q3 revenue guidance

Globant is trading 13.2% down at $35.58 after softer Q3 revenue guidance following its August 13 earnings release.

• Q2 revenue was $614.4 million, slightly above estimates, while adjusted EPS was $1.40 versus $1.50 expected.
• Q3 revenue guidance of $607 million-$615 million trailed the $624.6 million consensus, and full-year revenue guidance was reduced.
• AI adoption remains promising, but near-term growth concerns overshadowed momentum.