5 Earnings Reports Everyone is Talking About

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In this article, we discuss the 5 earnings reports everyone is talking about. If you want to see some more stocks that are trending after posting their quarterly results, go directly to the 11 Earnings Reports Everyone is Talking About.

5. Concentrix Corporation (NASDAQ:CNXC)

Number of Hedge Fund Holders: 23

Shares of Concentrix Corporation (NASDAQ:CNXC) slightly moved up in the pre-market trading session on Wednesday, March 30, 2022, following an upbeat financial performance for its fiscal first quarter.

Concentrix Corporation (NASDAQ:CNXC) reported adjusted earnings of $2.85 per share, up from $2.29 in the year-ago period. Revenue increased 13.5 percent on a year-over-year basis to $1.536 billion. The results topped the consensus of $2.71 per share for earnings and $1.46 billion for revenue.

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Looking forward, Concentrix Corporation (NASDAQ:CNXC) expects revenue in the range of $1.570 – $1.60 billion for the current quarter and between $6.450 – $6.60 billion for the full year.

Speaking on the results, CEO Chris Caldwell said:

“We delivered double-digit revenue and profit growth in the first quarter. Integration of PK into our Concentrix Catalyst team is on track, and we are seeing strong demand from strategic client partners for our unique mix of CX digital solutions.”

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