CNXC Concentrix Reports Higher Fiscal Q2 Results; Trims 2022 Revenue Outlook; Shares Fall After-Hours
BY MT Newswires — 4:34 PM ET 06/27/2022
Concentrix (CNXC) reported fiscal Q2 non-GAAP earnings late Monday of $2.93 per diluted share, up from $2.37 per share a year earlier.
Two analysts polled by Capital IQ expected $2.82 per share.
Revenue for the quarter ended May 31 rose to $1.57 billion from $1.37 billion a year earlier. The analysts' estimate was $1.57 billion.
For fiscal Q3, the company expects revenue of $1.58 billion to $1.61 billion. The consensus is for $1.63 billion.
For fiscal 2022, the company said it now expects revenue of $6.37 billion to $6.42 billion, compared with its previously outlined range of $6.45 billion to $6.6 billion. Analysts are looking for $6.48 billion.
The company kept its quarterly dividend unchanged at $0.25 per share, payable Aug. 9 to shareholders of record at the close of business July 29...............
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