Core Insights - Globant SA reported third-quarter earnings of $1.53 per share, missing the analyst consensus estimate of $1.54 per share, while quarterly sales reached $617.143 million, surpassing the consensus estimate of $615.376 million [1] Group 1: Financial Performance - The company's earnings per share (EPS) for the third quarter was $1.53, which was below the expected $1.54 [1] - Quarterly sales amounted to $617.143 million, exceeding the analyst consensus of $615.376 million [1] Group 2: Strategic Focus - The CEO of Globant emphasized the company's commitment to a long-term growth strategy based on four pillars: AI Pods, subscription model, AI Studios, and Globant Enterprise AI platform [2] - The company announced AI-transformational projects for top clients in various industries, indicating a focus on high-potential accounts [2] - The vision is to be the partner of choice for organizations implementing AI across multiple layers, supported by an entrepreneurial culture [2] Group 3: Market Reaction - Following the earnings announcement, Globant shares fell by 0.7%, trading at $62.41 [3] - Analysts adjusted their price targets for Globant, with Needham maintaining a Buy rating but lowering the target from $85 to $80, and JP Morgan maintaining a Neutral rating with a target reduction from $78 to $75 [8]