Clear Secure surge on higher Q3 profit, share repurchase plan

CLEAR Secure

08/11/2023 13:27

** Shares of biometric firm Clear Secure  YOU.N  rise 18.24%
to $21 premarket
    ** Co reports Q3 adjusted net income per share of 21 cents,
compared with 5 cents from a year earlier
    ** Co expects Q4 revenue of $165 million to $167 million
    ** Announces $100 million increase to its existing share
repurchase program 
    ** YTD, YOU shares are down ~34.7%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))