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 EPS of $2.97 on revenue of $1.59B.
Concentrix 's are down 34% and is trading at $113.16 , still down 43.65% from its 52 week high of $208.48 set on Thursday, February 10, 2022.
Concentrix shares lost 3.67% to trade at $113.16 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, 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, for EPS of $1.07 on revenue of $11.33B.
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