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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.
What happened, with direct paths to the underlying reporting
CNXC shares fell 20.5% in pre-market trading. Adjusted EPS of $2.78 missed the $2.86 estimate. Revenue of $2.48 billion beat expectations of $2.45 billion. Fiscal 2025 EPS guidance lowered to $11.11-$11.23, below $11.69 estimate. Revenue outlook raised to $9.79-$9.82 billion, above $9.77 estimate.
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.