Concentrix Cuts FY23 Reported Revenue Outlook From $6.705B-$6.830B To $6.575B-$6.640B (Consensus $6.21B)
Portfolio Pulse from Benzinga Newsdesk
Concentrix has reduced its FY23 reported revenue outlook from $6.705B-$6.830B to $6.575B-$6.640B. The new forecast is still above the consensus estimate of $6.21B.
June 28, 2023 | 8:17 pm
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NEGATIVE IMPACT
Concentrix's lowered FY23 revenue outlook may negatively impact investor sentiment, despite the new forecast still being above consensus estimates.
While the revised revenue outlook is still above consensus estimates, the reduction itself may cause some investors to reassess their positions, potentially leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100