Concentrix Corporation (CNXC) Tops Q3 EPS by 25c, Offers Q4 Guidance

Concentrix Corporation (NASDAQ: CNXC) reported Q3 EPS of $2.49, $0.25 better than the analyst estimate of $2.24. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.38 billion.

GUIDANCE:

Concentrix Corporation sees Q4 2021 revenue of $1.44-1.48 billion vs $1.4 billion expected.

• Fourth quarter revenue is expected to be in the range of $1.44 billion to $1.48 billion as reported.
• Fourth quarter operating income is expected to be in the range of $149.6 million to $159.6 million and non-GAAP operating income is expected to be in the range of $195.0 million to $205.0 million.
• The effective tax rate is expected to approximate 27% to 28%.

For earnings history and earnings-related data on Concentrix Corporation (CNXC) click here.

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