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CNXC
Benzinga
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Concentrix Posts Downbeat Earnings, Joins Legacy Education, Kingsoft Cloud And Other Big Stocks Moving Lower In Friday's Pre-Market Session

1. CNXC shares fell 20.5% in pre-market trading. 2. Adjusted EPS of $2.78 missed the $2.86 estimate. 3. Revenue of $2.48 billion beat expectations of $2.45 billion. 4. Fiscal 2025 EPS guidance lowered to $11.11-$11.23, below $11.69 estimate. 5. Revenue outlook raised to $9.79-$9.82 billion, above $9.77 estimate.

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FAQ

Why Bearish?

The sharp decline in CNXC's share price reflects investor reaction to negative EPS guidance adjustments, mirroring past instances where lowered forecasts led to similar sells, impacting overall stock valuations significantly.

How important is it?

The information directly impacts CNXC's current financial performance and future projections, influencing investor sentiment and trading actions significantly.

Why Short Term?

Negative sentiment from the earnings report likely influences the stock price in the immediate future; however, raised revenue guidance could mitigate long-term concerns.

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