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CI&T's Q2 Earnings Rise, Revenue Falls; 2024 Revenue Outlook Updated
2024-08-16 19:57
07:57 AM EDT, 08/16/2024 (MT Newswires) -- CI&T (CINT) reported Q2 earnings Friday of 0.34 Brazilian real ($0.06) per diluted share, up from 0.28 real a year earlier.
Three analysts polled by Capital IQ expected 0.22 real.
Net revenue for the quarter ended June 30 was 565.7 million reais, compared with 571.8 million reais a year earlier.
Four analysts surveyed by Capital IQ expected 543.7 million reais.
The company said it now expects 2024 net revenue to range from a 0.5% decline to 2.5% growth, compared with its prior guidance for a 2.5% decline to 2.5% growth. Analysts polled by Capital IQ expect 2.25 billion reais.
For Q3, net revenue is expected to be at least 591 million reais. Four analysts surveyed by Capital IQ expected 575.5 million reais.
The company's shares were up more than 11% in recent premarket activity Friday.
