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, leading to a drop in its share price.
September 28, 2023 | 12:41 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 have negatively impacted investor sentiment, leading to a drop in its share price. This suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100