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Concentrix missed earnings estimates, lowered full-year guidance, and saw its stock drop 21.2% despite revenue growth and AI investments.
Concentrix reported third-quarter earnings of $2.78 per share, missing expectations by 3.1%, while revenue reached $2.48 billion, slightly above estimates.
Despite a 4% year-over-year revenue gain and improved free cash flow margin, the company lowered its full-year earnings guidance, causing its stock to drop 21.2%.
The revised outlook reflects ongoing margin pressures and concerns over profitability, even as the business shows resilience in revenue growth and continues investing in AI and digital transformation.
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Concentrix no cumplió con las estimaciones de ganancias, redujo la previsión para todo el año y vio sus acciones caer un 21,2% a pesar del crecimiento de los ingresos y las inversiones en IA.