Concentrix shares are trading lower after the company reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Concentrix reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance below estimates, causing its shares to trade lower.
September 27, 2023 | 8:42 pm
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NEGATIVE IMPACT
Concentrix's shares are trading lower due to worse-than-expected Q3 results and lower Q4 EPS guidance.
Concentrix's worse-than-expected Q3 results and lower Q4 EPS guidance are negative indicators for the company's financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100