Concentrix slides as $1.05 billion charge drives Q3 loss
CNXC•Concentrix swung to a Q3 loss of $16.24 per share after a $1.05 billion non-cash goodwill impairment charge; revenue was $2.45 billion, while adjusted EPS was $2.92.
1. Quarterly results
Concentrix reported a Q3 loss of $16.24 per share after recording a $1.05 billion non-cash goodwill impairment charge. Revenue of $2.45 billion slightly missed estimates of $2.48 billion, while adjusted EPS of $2.92 beat estimates of $2.71.
