Concentrix (NASDAQ:CNXC) Trading 7.2% Higher on Better-Than-Expected Earnings

Market Beat
2026.01.14 15:21
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Concentrix Corporation (NASDAQ:CNXC) shares rose 7.2% following a stronger-than-expected earnings report, with EPS of $2.95 surpassing estimates. Revenue reached $2.55 billion, up 4.3% year-over-year. The company announced a quarterly dividend of $0.36, yielding 3.4%. Despite a large non-cash goodwill impairment impacting GAAP results, analysts maintain a positive outlook, with several upgrades and a consensus rating of "Moderate Buy." CEO Christopher A. Caldwell recently purchased additional shares, reflecting confidence in the company's future.