CNDT - Why Conduent Stock Sagged Today
Business-services provider Conduent (NASDAQ: CNDT) clearly wasn't providing enough optimism for investors on Thursday. The company's stock slipped by just over 1% on the day, following a Wednesday after-market hours earnings release that was basically met with a shrug by the market.
For its Q4 of 2021, Conduent's revenue came in at just under $1.05 billion, which was down marginally from the nearly $1.06 billion in the same quarter the previous year. Non- GAAP (adjusted) net income recorded a steeper decline, falling to $31 million ($0.13 per share) from Q4 2020's $46 million.
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Why Conduent Stock Sagged Today