Concentrix Q3 Adj. EPS $2.71 Misses $2.84 Estimate, Sales $1.63B Miss $1.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Concentrix (NASDAQ:CNXC) reported Q3 earnings of $2.71 per share, missing the analyst consensus estimate of $2.84 by 4.58%. This is a decrease of 8.14% from the same period last year. The company also reported quarterly sales of $1.63 billion, missing the analyst consensus estimate of $1.64 billion by 0.43%. This is an increase of 3.35% from the same period last year.
September 27, 2023 | 8:15 pm
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Concentrix's Q3 earnings and sales missed estimates, with earnings per share down 8.14% YoY and sales up 3.35% YoY.
Concentrix's Q3 earnings and sales missed analyst estimates, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100