Conduent (NASDAQ:CNDT) Issues Earnings Results

Conduent (NASDAQ:CNDT) issued its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01, Briefing.com reports. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. Conduent’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. Conduent updated its FY 2024 guidance to EPS.

Conduent Trading Up 0.5 %

CNDT stock traded up $0.02 during midday trading on Friday, reaching $4.10. The stock had a trading volume of 1,272,626 shares, compared to its average volume of 1,100,433. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05. Conduent has a twelve month low of $2.40 and a twelve month high of $4.22. The firm has a market cap of $665.84 million, a price-to-earnings ratio of 19.52 and a beta of 1.48. The business has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.64.

Conduent Company Profile

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.