By Denny Jacob
Globant shares declined 12% after its outlook for the current quarter and remainder of the year came up short of Wall Street's estimates.
Shares on Friday were trading around $68.81. The stock is down 64% on the year.
The information technology services provider forecast revenue to be at least $615 million in the third quarter and at least $2.45 billion for the year.
Analysts polled by FactSet expected at least $618 million and $2.46 billion for the respective periods.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 15, 2025 06:33 ET (10:33 GMT)
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