Concentrix Q2 Adj EPS $2.69 Misses $2.75 Estimate, Sales $1.61B Beat $1.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Concentrix (NASDAQ:CNXC) reported Q2 adjusted earnings of $2.69 per share, missing the analyst consensus estimate of $2.75 by 2.18 percent. This is a decrease of 8.19 percent from the same period last year. However, the company's quarterly sales of $1.61 billion beat the analyst consensus estimate of $1.52 billion by 6.18 percent, marking a 2.93 percent increase from the same period last year.
June 28, 2023 | 8:11 pm
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Concentrix's Q2 earnings per share missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
Concentrix's earnings per share missed the analyst consensus, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock.
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