Conduent Q2 2024 Adj. EPS $(0.14) Beats $(0.28) Estimate, Sales $828.000M Beat $803.333M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conduent (NASDAQ:CNDT) reported Q2 2024 adjusted EPS of $(0.14), beating the estimate of $(0.28). Sales were $828 million, surpassing the $803.333 million estimate but down 9.51% from last year.
August 07, 2024 | 12:18 pm
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Conduent (NASDAQ:CNDT) reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.14) beating the $(0.28) estimate and sales of $828 million surpassing the $803.333 million estimate. However, sales were down 9.51% year-over-year.
The better-than-expected EPS and sales figures are positive indicators for Conduent, likely leading to a short-term price increase. However, the year-over-year sales decline may temper some of the optimism.
CONFIDENCE 90
IMPORTANCE 80
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