CNDT - Conduent EPS beats by $0.14 beats on revenue

Conduent (CNDT): Q3 Non-GAAP EPS of $0.26 beats by $0.14; GAAP EPS of -$0.04 beats by $0.06.Revenue of $1.04B (-5.5% Y/Y) beats by $43.75M.Adjusted EBITDA of $141M vs. consensus of $108.5M.Brian Webb-Walsh, CFO, stated "The continued strong performance that we achieved this quarter is the result of hard work, disciplined execution and a diverse portfolio. Given current trends, we now anticipate FY 2020 revenue to be down between 6.4% and 7.4% with an Adjusted EBITDA margin between 11.25% and 11.75%, and an Adjusted Free Cash Flow conversion of approximately 20%.  We are pleased that the midpoints of these ranges are in line to slightly above the initial, pre-COVID-19 guidance ranges that we provided earlier in the year."Press Release

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Conduent EPS beats by $0.14, beats on revenue