Markets CTEV

Claritev Corporation Q3 Loss Decreases

(RTTNews) - Claritev Corporation (CTEV) released Loss for third quarter of -$69.753 million

The company's earnings came in at -$69.753 million, or -$4.23 per share. This compares with -$391.450 million, or -$24.25 per share, last year.

The company's revenue for the period rose 6.7% to $245.959 million from $230.495 million last year.

Claritev Corporation earnings at a glance (GAAP) :

-Earnings: -$69.753 Mln. vs. -$391.450 Mln. last year. -EPS: -$4.23 vs. -$24.25 last year. -Revenue: $245.959 Mln vs. $230.495 Mln last year.

Looking ahead, for the full year, the company has revised up its revenue growth outlook. Claritev now expects revenue growth of 2.8% to 3.2%, compared with the prior outlook of flat to 2%.

For the full year, Claritev now anticipates capital expenditure of $165 million to $175 million against its prior guidance of $170 million to $180 million.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available