Conduent shares are trading lower after the company reported mixed Q3 results and lowered the upper end of its FY23 revenue guidance range.
Portfolio Pulse from Benzinga Newsdesk
Conduent reported mixed Q3 results and lowered the upper end of its FY23 revenue guidance range, leading to a decrease in its share price.
November 01, 2023 | 4:08 pm
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NEGATIVE IMPACT
Conduent's stock price is expected to be negatively impacted in the short term due to mixed Q3 results and a reduction in FY23 revenue guidance.
Conduent's mixed Q3 results and lowered FY23 revenue guidance are likely to negatively impact investor sentiment, leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100