Investing.com - Concentrix reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Concentrix announced earnings per share of $2.95 on revenue of $1.58B. Analysts polled by Investing.com anticipated EPS of $2.97 on revenue of $1.59B.
Concentrix shares are down 34% from the beginning of the year , still down 43.65% from its 52 week high of $208.48 set on Thursday, February 10, 2022.
Concentrix shares lost 3.67% in after-hours trade the report.
Concentrix follows other major Information Technology sector earnings this month
Concentrix's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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