Why These 10 Stocks Soared Today

3. Clarivate PLC (NYSE:CLVT)

Clarivate saw its share prices jump by 17.27 percent on Tuesday to end at $4.21 apiece as investor sentiment was buoyed by the company’s maintained outlook for the full year despite posting dismal earnings performance in the first quarter.

In its latest earnings release, Clarivate PLC (NYSE:CLVT) said that it was maintaining its full-year outlook of between $2.28 billion and $2.4 billion in revenues, with adjusted EBITDA of $940 million to $1 billion.

In contrast, the company widened its net loss in the first quarter of the year by 38.5 percent to $103.9 million from $75 million year-on-year, as revenues dropped by 4.4 percent to $593.7 million from $621.2 million.

Total revenues decreased primarily due to inorganic divestitures, disposals, and foreign currency translation impacts. Organic revenues, on the other hand, increased by 0.3 percent.