Concentrix Corporation (CNXC) released a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $42.09 million, or $0.63 per share. This compares with $66.63 million, or $0.98 per share, last year.
Excluding items, Concentrix Corporation reported adjusted earnings of $170.3 million or $2.70 per share for the period.
Analysts on average had expected the company to earn $2.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.6% to $2.417 billion from $2.380 billion last year.
Concentrix Corporation earnings at a glance (GAAP) :
-Earnings: $42.09 Mln. vs. $66.63 Mln. last year.-EPS: $0.63 vs. $0.98 last year.-Revenue: $2.417 Bln vs. $2.380 Bln last year.
-Guidance:Next quarter EPS guidance: $2.80 to $2.91Next quarter revenue guidance: $2.445 - $2.470 BlnFull year EPS guidance: $11.53 to $11.76Full year revenue guidance: $9.720 - $9.815 Bln
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.