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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.