What's Going On With Concentrix Stock After The Close?

Concentrix Corp (NASDAQ:CNXC) shares are trading lower in Wednesday's after-hours session after the customer experience solutions company reported mixed quarterly results and announced a business combination with Webhelp.

  • Q1 Revenue: $1.64 billion beat estimates of $1.63 billion
  • Q1 EPS: $2.56 missed estimates of $2.59

Concentrix anticipates second-quarter revenue growth in the range of 3% to 5%. Operating income is expected to be between $167 million and $177 million.

"As we embark on this new journey together, we will have the most impressive toolkit of high-value services and digital capabilities, and a complementary portfolio of approximately 2,000 amazing clients with a diversified and robust revenue stream," said Chris Caldwell, president and CEO of Concentrix.

See Also: Sprinklr Shares Surge On Strong Q4 Results: The Details

CNXC Price Action: Concentrix shares were down 7.24% after hours at $112.95 at the time of publication, according to Benzinga Pro.

Photo: StartupStockPhotos from Pixabay.

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