Clarivate sees FY23 adjusted EPS 75c-85c, consensus 81c

Sees FY23 revenue $2.63B-$2.73B, consensus $2.62B. Sees FY23 adjusted EBITDA $1.1B-$1.16B. "Our 2023 outlook reflects improved organic growth as we begin to benefit from operational initiatives across the segments, which will be partially offset by the divestiture of MarkMonitor in November 2022," said Jonathan Collins, executive VP and CFO. "We currently expect to generate significantly higher free cash flow as a result of lower one-time costs even with increased capital investments to fuel product innovation."