Concentrix Corporation Misses Q2 Earnings and Revenue Estimates

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Summary · why it matters

Concentrix Corporation reported quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $2.64 per share by 0.19%. Revenue came in at $2.46 billion, below the consensus estimate of $2.47 billion. Earnings per share declined from $2.70 a year ago, while revenue increased from $2.42 billion. The company has beaten revenue estimates three times in the past four quarters but has surpassed earnings estimates only once in that period. Shares have fallen about 39.9% year to date, compared with a 7.4% gain for the S&P 500.

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