Conduent (NASDAQ:CNDT) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Conduent (NASDAQ:CNDT) announced its earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Briefing.com reports. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The business had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. During the same period last year, the business posted ($0.09) EPS. The company’s revenue was down 13.4% on a year-over-year basis. Conduent updated its FY 2024 guidance to EPS.

Conduent Stock Down 1.2 %

NASDAQ CNDT traded down $0.05 during mid-day trading on Thursday, reaching $4.08. 1,912,362 shares of the company’s stock traded hands, compared to its average volume of 1,099,636. Conduent has a 1-year low of $2.40 and a 1-year high of $4.22. The company has a fifty day simple moving average of $3.83 and a 200-day simple moving average of $3.63. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.05. The company has a market cap of $662.59 million, a price-to-earnings ratio of 19.29 and a beta of 1.48.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.