Clear Secure Inc gains on upbeat forecast, special dividend

CLEAR Secure

14/11/2022 14:59

** Biometric security firm Clear Secure Inc's shares  YOU.N 
climb 6.3% to ~$27 in early trade
    ** Company forecasts Q4 revenue to be between $123 mln and
$125 mln vs analysts' estimates of $114.6 mln
    ** Company also announces special dividend of $0.25/shr
    ** YOU reports Q3 revenue of $115.9 mln vs estimate of
$111.9 mln - Refinitiv
    ** Airport activity remained strong throughout the third
quarter including in September, a month that otherwise
experiences seasonal slowdown - CEO Caryn Seidman-Becker
    ** 1 of 4 brokerages rate the stock "buy" and 3 "hold";
median PT $32
    ** Including session's gains, stock down 16.9% YTD
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com))