Conduent Q2 Earnings Beat Estimates, Reiterates FY23 Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Conduent Incorporated reported Q2 revenues of $915 million, beating the analyst consensus of $900 million. The company's Q2 Adjusted EPS of $0.01 also beat the street view of ($0.01) loss. Despite some commercial volumes being impacted by industry softness, increased interest rates positively impacted the BenefitWallet business. The company reiterated its FY23 Adjusted Revenue guidance of $3.70 billion-$3.80 billion.
August 04, 2023 | 11:35 am
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Conduent's Q2 results beat estimates, with revenues of $915 million and an Adjusted EPS of $0.01. The company reiterated its FY23 revenue guidance, indicating confidence in its future performance.
Conduent's Q2 results exceeded analyst expectations, which is likely to boost investor confidence and potentially drive the stock price up in the short term. The company's reiteration of its FY23 revenue guidance also signals its confidence in its future performance, which could further support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100