By Katherine Hamilton
Concentrix shares slipped after the company fell short of expectations with its adjusted earnings for the latest quarter and projections for the current quarter.
Shares declined 9%, to $50, in after-hours trading on Thursday. At the close, the stock was up 27% this year.
The customer experience solutions and technology company said Thursday it expects adjusted earnings per share in the current third quarter to be $2.80 to $2.91. Analysts polled by FactSet had been projecting $2.92 a share.
For the fiscal second quarter, adjusted earnings were $2.70 a share, also falling below the $2.78 estimate from Wall Street.
Adjusted operating income made up a smaller share of revenue this quarter, the Newark, Calif., company said. The decrease was primarily due to a temporary program pauses mid-quarter and investments ahead of expected accelerated growth in the second half of the year, the company said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 26, 2025 18:39 ET (22:39 GMT)
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