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)

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