Clarivate, Inc.: Portfolio Rationalization & Cost Optimization Driving Our Bullishness! 

Clarivate’s third-quarter 2024 earnings call highlighted several challenges and strategic decisions facing the company as it seeks to realign its business for better performance. The quarter saw disappointing financial results, causing the management to reevaluate its guidance and strategy moving forward. Revenues for the third quarter were reported at $622 million, marking a $25 million decrease compared to the same quarter the previous year. This decline was largely organic, with a significant impact from the divestiture of Valipat. The company reported a net loss of $66 million, which was $59 million lower than the same period last year, impacted by increased foreign exchange losses due to a weaker U.S. dollar and a $14 million non-cash goodwill impairment.