Recap: Concentrix Q2 Earnings
Portfolio Pulse from Benzinga Insights
Concentrix (NASDAQ:CNXC) reported its Q2 earnings results, beating estimated earnings by 6.75% with an EPS of $2.69 versus an estimate of $2.52. Revenue was up $47.00 million from the same period last year. Last quarter, the company missed on EPS by $0.03, which was followed by a 1.45% drop in the share price the next day.
June 28, 2023 | 8:15 pm
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POSITIVE IMPACT
Concentrix's Q2 earnings beat estimates, which could positively impact the stock. However, investors may remain cautious due to the previous quarter's missed EPS and subsequent share price drop.
Positive earnings reports often lead to a rise in stock price. However, the previous quarter's miss and subsequent share price drop may make investors cautious, potentially limiting the positive impact.
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IMPORTANCE 80
RELEVANCE 100