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NEW YORK - Concentrix Corporation (NASDAQ:CNXC) saw its shares jump 10% in after-hours trading on Wednesday after the technology and services company reported first quarter earnings that beat expectations and provided strong full-year guidance.
The company reported adjusted earnings per share of $2.79 for the first quarter, surpassing analyst estimates of $2.61. Revenue came in at $2.37 billion, in line with consensus expectations.
For the full fiscal year 2025, Concentrix forecasts earnings per share between $11.18 and $11.77, above the analyst consensus of $11.34. The company expects revenue for the year to be in the range of $9.49 billion to $9.64 billion, compared to estimates of $9.54 billion.
"Our first quarter results demonstrate our progress as we win quality business and take advantage of GenAI opportunities, leveraging our unique technology and service capabilities to drive our clients’ success," said Chris Caldwell, President and CEO of Concentrix.
The company’s revenue declined 1.3% YoY to $2.37 billion in Q1, but grew 1.3% on a constant currency basis. Adjusted EBITDA margin contracted slightly to 15.8% from 16.0% a year ago.
Concentrix reiterated its full year guidance and expects to generate approximately $625 million to $650 million of adjusted free cash flow in fiscal 2025. The company also plans to return over $240 million to shareholders through share repurchases and dividends this fiscal year.
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