Concentrix Shares Slide on Lowered FY Outlook, Tepid 3Q Guidance

Dow Jones06-30 05:52

Shares of Concentrix slid after the company cut its full-year outlook and projected third-quarter results behind Wall Street's expectations.

Shares were down 23% to $19.47 in after-hours trading on Monday. The stock closed up 0.9% at $25.23, down 39% this year.

The customer-experience solutions and technology company on Monday said it now expects full-year adjusted earnings of $10.83 to $11.18 a share, down from a previous range of $11.48 to $12.07 a share.

Concentrix forecast full-year revenue of between $9.93 billion and $10.03 billion, down from a range of $10.04 billion to $10.18 billion

Analysts polled by FactSet were expecting full-year adjusted earnings of $11.71 a share on $10.11 billion in revenue.

For the current third quarter, the company is forecasting adjusted earnings between $2.65 and $2.77 a share on revenue between $2.47 billion and $2.49 billion.

Analysts polled by FactSet are expecting $3.09 in adjusted earnings per share on revenue of $2.53 billion.

Concentrix on Monday reported a second-quarter profit of $55.3 million, or 86 cents a share, compared with $42.1 million, or 63 cents a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of $2.63 a share. Analysts were expecting $2.64 a share.

Revenue rose to $2.46 billion from $2.42 billion a year prior. Analysts were expecting $2.47 billion in revenue.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

June 29, 2026 17:52 ET (21:52 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock closed up 0.9% at $25.23, down 39% this year. \n</p>\n<p>\n  The customer-experience solutions and technology company on Monday said it now expects full-year adjusted earnings of $10.83 to $11.18 a share, down from a previous range of $11.48 to $12.07 a share. \n</p>\n<p>\n  Concentrix forecast full-year revenue of between $9.93 billion and $10.03 billion, down from a range of $10.04 billion to $10.18 billion \n</p>\n<p>\n  Analysts polled by FactSet were expecting full-year adjusted earnings of $11.71 a share on $10.11 billion in revenue. \n</p>\n<p>\n  For the current third quarter, the company is forecasting adjusted earnings between $2.65 and $2.77 a share on revenue between $2.47 billion and $2.49 billion. \n</p>\n<p>\n  Analysts polled by FactSet are expecting $3.09 in adjusted earnings per share on revenue of $2.53 billion. \n</p>\n<p>\n  Concentrix on Monday reported a second-quarter profit of $55.3 million, or 86 cents a share, compared with $42.1 million, or 63 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, the company reported adjusted earnings of $2.63 a share. Analysts were expecting $2.64 a share. \n</p>\n<p>\n  Revenue rose to $2.46 billion from $2.42 billion a year prior. 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The stock closed up 0.9% at $25.23, down 39% this year. \n</p>\n<p>\n  The customer-experience solutions and technology company on Monday said it now expects full-year adjusted earnings of $10.83 to $11.18 a share, down from a previous range of $11.48 to $12.07 a share. \n</p>\n<p>\n  Concentrix forecast full-year revenue of between $9.93 billion and $10.03 billion, down from a range of $10.04 billion to $10.18 billion \n</p>\n<p>\n  Analysts polled by FactSet were expecting full-year adjusted earnings of $11.71 a share on $10.11 billion in revenue. \n</p>\n<p>\n  For the current third quarter, the company is forecasting adjusted earnings between $2.65 and $2.77 a share on revenue between $2.47 billion and $2.49 billion. \n</p>\n<p>\n  Analysts polled by FactSet are expecting $3.09 in adjusted earnings per share on revenue of $2.53 billion. \n</p>\n<p>\n  Concentrix on Monday reported a second-quarter profit of $55.3 million, or 86 cents a share, compared with $42.1 million, or 63 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, the company reported adjusted earnings of $2.63 a share. Analysts were expecting $2.64 a share. \n</p>\n<p>\n  Revenue rose to $2.46 billion from $2.42 billion a year prior. Analysts were expecting $2.47 billion in revenue. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2026 17:52 ET (21:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065169927.USD","symbol_name":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2647307758","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647307758","pubTimestamp":1782769920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Concentrix slid after the company cut its full-year outlook and projected third-quarter results behind Wall Street's expectations.Shares were down 23% to $19.47 in after-hours trading on Mon","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","BK4106":"数据处理与外包服务","BK4226":"数据处理及外包服务","CNXC":"Concentrix Corp","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC"},"translate_title":"Concentrix股价因财年前景下调和第三季度指引不温不火而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNXC":0.9},"content_text":"Shares of Concentrix slid after the company cut its full-year outlook and projected third-quarter results behind Wall Street's expectations. \n\n\n  Shares were down 23% to $19.47 in after-hours trading on Monday. The stock closed up 0.9% at $25.23, down 39% this year. \n\n\n  The customer-experience solutions and technology company on Monday said it now expects full-year adjusted earnings of $10.83 to $11.18 a share, down from a previous range of $11.48 to $12.07 a share. \n\n\n  Concentrix forecast full-year revenue of between $9.93 billion and $10.03 billion, down from a range of $10.04 billion to $10.18 billion \n\n\n  Analysts polled by FactSet were expecting full-year adjusted earnings of $11.71 a share on $10.11 billion in revenue. \n\n\n  For the current third quarter, the company is forecasting adjusted earnings between $2.65 and $2.77 a share on revenue between $2.47 billion and $2.49 billion. \n\n\n  Analysts polled by FactSet are expecting $3.09 in adjusted earnings per share on revenue of $2.53 billion. \n\n\n  Concentrix on Monday reported a second-quarter profit of $55.3 million, or 86 cents a share, compared with $42.1 million, or 63 cents a share, a year earlier. \n\n\n  Stripping out certain one-time items, the company reported adjusted earnings of $2.63 a share. Analysts were expecting $2.64 a share. \n\n\n  Revenue rose to $2.46 billion from $2.42 billion a year prior. Analysts were expecting $2.47 billion in revenue. \n\n\n \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 29, 2026 17:52 ET (21:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647307758","isCrawlerRequest":true}