Concentrix Corporation (NASDAQ: CNXC) stock tumbled after the company reported its fourth-quarter results and issued forward guidance that weighed on investor sentiment.
Concentrix reported quarterly adjusted earnings of $2.95 per share, which beat the Street estimate of $2.75.
Quarterly revenue was $2.553 billion, up by 4.3% year-over-year (Y/Y), above the analyst consensus estimate of $2.539 billion.
The quarterly revenue grew 3.1% Y/Y on a constant currency basis.
Concentrix generates revenue by delivering technology-driven customer experience services that help companies manage and improve how they interact with customers.
The company provides digital customer support, technical assistance, sales and marketing services, back-office operations, and data analytics for clients in …