Globant Suffers Record Intraday Drop as Tariffs Dent Earnings

Globant Suffers Record Intraday Drop as Tariffs Dent Earnings

Software company Globant SA suffered a record intraday decline after blaming its disappointing first-quarter results on the ripple effects of US tariffs.

The ADR of the technology service provider was operated below USD 100, which reduced stock capitalization by USD 450 million

Once again, Globant failed to meet Wall Street’s expectations. Following the presentation of its financial balance sheet for the first quarter of the year, its shares plummeted yesterday to 29.07% in the after market. The company is listed on the New York Stock Exchange.The Argentine unicorn, founded in 2003 by Martín Migoya, Guibert Englebienne, Martín Umarán and Néstor Nocetti, yesterday reported revenues of $611.1 million in the period from J…

The shares of Globant SA (GLOB) plummeted 23,72% on Wall Street, in the first stock exchange wheel after the presentation of their results, corresponding to the first quarter. Some of the big banks that follow the company decided to cut the target price to twelve months, disappointed with the balance sheet. The company reached 33.7% below in the morning, which implies Globant's biggest intraday setback in its stock market history. The main metri…

The technology company could not avoid the red numbers on Wall Street after presenting a profit balance, corresponding to the first quarter of 2025, below what was projected.

Globant's shares collapse 23.1% this Friday on Wall Street. The collapse occurs after yesterday, after the closing of markets, presented the balance sheet corresponding to the first quarter of the year, which showed a significant drop in revenue from the previous period and adjusted the projections for the year downward.In the local market, Globant's Argentine Deposit Certificate (Cedear) shows a similar performance, as it is linked to the actio…