Concentrix Q3 2024 Adj. EPS $2.87 Misses $2.93 Estimate, Sales $2.387B Beat $2.382B Estimate
Portfolio Pulse from Benzinga Newsdesk
Concentrix reported Q3 2024 earnings with an adjusted EPS of $2.87, missing the estimate of $2.93, but sales of $2.387 billion beat the estimate of $2.382 billion. Sales increased by 46.20% compared to the same period last year.
September 25, 2024 | 8:06 pm
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Concentrix's Q3 2024 earnings per share missed estimates, but sales exceeded expectations, showing significant year-over-year growth.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact on CNXC's stock. The significant sales growth is positive, but the EPS miss could offset this, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100