Globant Suffers Record Intraday Drop as Tariffs Dent Earnings
Software company Globant SA suffered a record intraday decline after blaming its disappointing first-quarter results on the ripple effects of US tariffs.
Globant shares plunged as much as 33.7% on Friday to $88.03, the worst drop since the company went public in 2014, before paring some of those losses.