Clarivate rises after Q1 results beat

CLARIVATE

09/05/2023 14:01

** U.S.-listed shares of information services provider
Clarivate Plc  CLVT.N  up 2.4% at $7.75 premarket
    ** Co reports Q1 revenues of $629.1 mln, topping analysts'
estimate of $622.64 mln
    ** Posts better-than-expected Q1 adj EPS of $0.18 vs
estimates of $0.15 - Refinitiv data
    ** Reaffirm 2023 outlook & continue to expect an
acceleration of organic growth through remainder of this year -
CLVT
    ** 6 brokerages rate the stock 'buy' or higher, 4 'hold';
their median PT is $12.40
    ** Up to last close, U.S.-listed shares had fallen 9.23% so
far this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))