CNXC - Why Business Services Company Concentrix's Shares Are Falling Today | Benzinga
Concentrix Corporation (NASDAQ: CNXC) reported third-quarter FY23 sales growth of 3.4% year-on-year to $1.63 billion, missing the analyst consensus estimate of $1.64 billion.
Adjusted EPS of $2.71 missed the analyst consensus of $2.84.
Gross profit rose 5% to $593 million with a profit margin of 36.3%.
The operating income for the quarter increased 3% to $162.3 million, and the operating margin contracted 10 basis points to 9.9%.
Adjusted EBITDA ...