Concentrix shares are trading lower after the company missed Q1 EPS estimates and issued mixed guidance.
Portfolio Pulse from Benzinga Newsdesk
Concentrix shares are trading lower following the company's Q1 earnings report, where it missed EPS estimates and provided mixed guidance for the future.
March 27, 2024 | 11:18 am
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Concentrix's Q1 earnings miss and mixed guidance have led to a decrease in its stock price.
Missing EPS estimates typically results in negative investor sentiment, leading to a decrease in stock price. The mixed guidance further contributes to uncertainty about the company's future performance, potentially exacerbating the negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100