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U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
Shares of Concentrix Corporation (NASDAQ: CNXC) fell sharply in pre-market trading after the company reported worse-than-expected third-quarter adjusted EPS results and cut its FY25 adjusted EPS guidance below estimates.
Concentrix reported quarterly earnings of $2.78 per share, which missed the Street estimate of $2.86. Quarterly revenue came in at $2.48 billion, which beat the analyst consensus estimate of $2.45 billion.
Concentrix lowered its fiscal 2025 adjusted EPS guidance to between $11.11 and $11.23, versus the $11.69 analyst estimate and raised its revenue outlook to between $9.79 billion and $9.82 billion, versus the $9.77 billion estimate.
Concentrix shares dipped 20.5% to $43.73 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
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