Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Avi Kapoor

Concentrix Posts Downbeat Earnings, Joins Legacy Education, Kingsoft Cloud And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Dow Concentrix Kingsoft Cloud
Display,Of,Stock,Market,Quotes

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.

  • DarioHealth Corp. (NASDAQ: DRIO) fell 18.9% to $11.10 in pre-market trading. DarioHealth shares jumped 44% on Thursday after the company announced a strategic review following multiple unsolicited expressions of interest.
  • Legacy Education Inc. (NYSE: LGCY) fell 13.3% to $10.68 in the pre-market trading after the company reported worse-than-expected fourth-quarter EPS results.
  • Apellis Pharmaceuticals, Inc. (NASDAQ: APLS) dipped 9.5% to $20.12 in pre-market trading.
  • Pharming Group N.V. (NASDAQ: PHAR) fell 9.1% to $13.45 in pre-market trading.
  • Kingsoft Cloud Holdings Limited (NASDAQ: KC) fell 7.5% to $16.15 in pre-market trading. Kingsoft Cloud announced the pricing of upsized HK$2,802 million offering of new shares.
  • IREN Limited (NASDAQ: IREN) dipped 7.4% to $42.85 in pre-market trading.
  • LuxExperience B.V. (NYSE: LUXE) fell 6.3% to $7.89 in pre-market trading. LuxExperience shares gained 3% on Thursday after the company reported fourth-quarter financial results.
  • YD Bio Ltd (NASDAQ: YDES) fell 6% to $13.40 in pre-market trading.
  • VNET Group, Inc. (NASDAQ: VNET) declined 5.3% to $10.54 in pre-market trading.

Now Read This:

Photo via Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Is Jack Black Dead? No, Actor Is Alive and Well - But Why Does the Internet Love to Kill Him Off?
Jack Black is alive despite viral TikTok hoaxes claiming his death. The false reports highlight how quickly celebrity misinformation spreads online.
International Business Times UK
International Business Times UK
Is it aliens? Why that’s the least important question about interstellar objects
On October 29, Comet 3I/ATLAS reached its closest point to the Sun.
The Conversation
The Conversation
91 Tattoos You Wouldn’t Believe People Allowed To Be Placed On Their Bodies For The Rest Of Their Lives
How could people allow such travesties on their bodies?
Bored Panda
Bored Panda
Tesla 'Ghost Hunting' Goes Viral On Social Media: Can The Electric Vehicle Detect The Paranormal?
Viral YouTube and TikTok clips show a Tesla Model Y detecting phantom figures in a cemetery. Experts explain the AI glitch behind the ghost-hunting craze.
International Business Times UK
International Business Times UK
These three women expected to be convicted for organising a march for Palestine. Then something extraordinary happened
INTERVIEW: Three young women were prosecuted for leading a pro-Palestine protest in Singapore, a country with an extremely low tolerance for activism and high conviction rate. They tell Maroosha Muzaffar they had already prepared speeches railing against the system when it found them not guilty, stunning the nation
The Independent UK
The Independent UK
Lasting peace and recovery in Gaza depends on local participation, not just ceasefires
Two years into the Israeli war in Gaza, world leaders recently gathered in Sharm El-Sheikh, Egypt, to deliberate on a long-awaited peace plan to end the conflict.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play