Clarivate Reports Fourth Quarter and Full Year 2020 Results
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Clarivate (CLVT) Tops Q4 EPS by 5c, Revenues miss; Offers FY21 EPS/Revenue Guidance
February 25, 2021 6:17 AM ESTClarivate (NYSE: CLVT) reported Q4 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $471 million versus the consensus estimate of $472.19 million.
Fourth Quarter and Full Year 2020 Financial Highlights
4Q'20 Revenues of $456 million and Adjusted Revenues(1) of $471 million increased 79% and 85%, respectively. Adjusted Revenues exclude the impact of deferred revenues resulting from purchase accounting adjustments primarily related to acquisitions including CPA Global and DRG4Q'20 Net Income of $6 million increased 108% and Adjusted Net Income(1) of $136 million increased 224%4Q'20 Net Income per diluted share of $0.01... More