Clarivate backs FY23 adjusted EPS view 77c-83c, consensus 81c

Backs FY23 revenue view $2.6B-$2.67B, consensus $2.62B. Backs FY23 adjusted EBITDA $1.09B-$1.14B. “We reaffirmed our 2023 outlook as our third quarter results were in-line with our expectations,” said Jonathan Collins, executive VP and CFO. “We continue to execute a disciplined allocation of our capital by repurchasing $100 million of ordinary shares in the third quarter and anticipate utilizing about $150 million of cash to prepay debt in the fourth quarter.”