Concentrix Q4 2023 Adj EPS $3.36 Beats $3.08 Estimate, Sales $2.23B Beat $2.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Concentrix Corporation (CNXC) reported Q4 2023 earnings of $3.36 per share, surpassing the consensus estimate of $3.08. Quarterly sales reached $2.23 billion, also exceeding the $2.20 billion estimate and marking a 35.89% increase from the same period last year.
January 24, 2024 | 9:07 pm
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POSITIVE IMPACT
Concentrix's Q4 earnings and sales exceeded analyst estimates, with a significant year-over-year sales growth, indicating strong financial performance.
Concentrix's reported earnings and sales not only beat analyst expectations but also showed a substantial increase compared to the previous year. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in CNXC's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100