Clear Secure Q3 Earnings, Revenue Increase; Q4 Guidance Issued; Share Buyback Program Increased

MT Newswires Live11-04

Clear Secure (YOU) reported Q3 earnings Wednesday of $0.52 per diluted share, up from $0.29 a year earlier.

Two analysts polled by FactSet expected $0.50.

Revenue for the quarter ended Sept. 30 was $292.9 million, up from $229.2 million a year earlier.

Analysts expected $286.7 million.

For Q4, the company expects revenue of $299 million to $302 million. Analysts expect $293.6 million.

Clear Secure also authorized a $175 million increase to its existing share repurchase program, resulting in a total remaining authorization of roughly $254.4 million, the company said.

The company also maintained a quarterly cash dividend of $0.15 per share, payable on Dec. 24, to shareholders of record as of Dec. 10,

Shares of the company were up 4.6% in recent premarket activity.

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