Shares of Conduent Inc (CNDT) tumbled 6.61% in pre-market trading on Wednesday, following the release of the company's underwhelming fourth-quarter 2024 earnings results.
Conduent reported Q4 revenue of $800 million, missing analyst expectations. The company posted an adjusted earnings per share loss of $0.15 and a net loss of $12 million for the quarter. Adjusted EBITDA margin came in at a low 4%, reflecting ongoing profitability challenges.
The dismal earnings figures fell short of market forecasts, triggering a sharp sell-off in Conduent's stock during the pre-market session. Investors appeared concerned about the company's ability to drive growth and improve its financial performance amid heightened competition and macroeconomic pressures.
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