SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

Concentrix Stock Rises on Q3 Net Loss and Goodwill Impairment

Concentrix shares climbed 4% after the company reported a significant net loss for its third quarter, attributed to a $1.5 billion non-cash goodwill impairment charge and declining revenue.

CNXC

Shares of customer experience solutions provider Concentrix (NASDAQ:CNXC) rose 4% in the morning session after the company reported a significant net loss for its third quarter. 5 billion non-cash goodwill impairment charge and declining revenue. Concentrix recorded an…