Concentrix Corporation Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Concentrix Corporation (CNXC) announced earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $66.8 million, or $0.98 per share. This compares with $78.9 million, or $1.51 per share, in last year's second quarter.

Excluding items, Concentrix Corporation reported adjusted earnings of $183.1 million or $2.69 per share for the period.

Analysts on average had expected the company to earn $2.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 47.8% to $2.38 billion from $1.61 billion last year.

Concentrix Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $66.8 Mln. vs. $78.9 Mln. last year. -EPS (Q2): $0.98 vs. $1.51 last year. -Revenue (Q2): $2.38 Bln vs. $1.61 Bln last year.

-Guidance: Next quarter EPS guidance: $2.76 to $3.04 Next quarter revenue guidance: $2.350-$2.400 bln