🔴 Concentrix is trading 8.76% down in after-hours trading amid revenue miss and $1.05B goodwill impairment

Concentrix is trading 8.76% lower at $22.70 in after-hours trading after its September 29 Q3 report showed a revenue miss.

• Non-GAAP EPS of $2.92 beat estimates of $2.71; $2.45 billion revenue missed by approximately $30 million (estimates were $2.48B) and fell 1.2% year over year.
• The company recorded a $1.05 billion non-cash goodwill impairment, reported a diluted loss of $16.24 per share, and forecast Q4 constant-currency revenue down 3%–5%.