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Concentrix Corporation

CNXC

Concentrix Corp soared 10.1% to $81.41 despite the customer engagement services provider reported weaker-than-expected sales and earnings.

Revenue in the fiscal third quarter ending in August increased 3.4% to $1.62 billion from $1.57 billon and net income dropped to $77.6 million from $106.7 million and diluted earnings per share dropped to $1.49 from $2.04 a year ago.

The company paid a 27.5 cents per share quarterly dividend on August 8 and the Board of Directors declared a quarterly dividend of 30.25 per share payable on November 7 to shareholders of record at the close of business on October 27.

The company forecasted fiscal fourth quarter revenue between $2.19 billion and $2.215 billion and adjusted non-GAPP diluted earnings per share between $3.03 and $3.15.
Sep 28, 2023

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Year	Q1	Q2	Q3	Q4	Annual

2023	1.68	1.51	1.49	-	-
2022	-	-	-	2.01	-