🟢 Concentrix is trading 7% up today after a post-earnings selloff

Concentrix is trading 6.99% up at $26.62 on September 30, rebounding after its September 29 earnings announcement.

• Results were mixed: non-GAAP EPS of $2.92 beat estimates, while $2.45 billion in revenue missed forecasts; investors focused on revenue headwinds and the goodwill impairment.
• Reports described a sharp after-hours decline; no separate company announcement explained the rebound.
• Nasdaq rose 0.90% and the S&P 500 rose 0.56%; gains may support the rebound but do not establish its cause.