Genpact Q2 revenue beats but stock falls 6.7%

Earnings

โดย Yahoo Finance·

Summary · why it matters

Genpact reported second-quarter revenue of $1.34 billion, up 7.1% year over year and 0.8% above analyst expectations, yet its stock has fallen 6.7% since the report to $33.75. The company also beat EPS estimates and raised its full-year guidance for Advanced Technology Solutions revenue growth to at least 25%, the highest guidance raise among the eight business process outsourcing and consulting stocks tracked. Huron Consulting Group posted the strongest results, with revenue of $475 million, up 15.4% year over year and 3.2% above expectations, and its stock rose 23.8% to $150.24. Concentrix was the weakest performer, reporting revenue of $2.46 billion, up 1.9% year over year and in line with expectations, while missing next-quarter EPS guidance and slightly missing full-year revenue guidance, leaving its stock flat at $25. TaskUs reported revenue of $308.9 million, up 5% year over year and 3.9% above expectations, with its stock up 9.1% to $6.90. FTI Consulting reported revenue of $993.5 million, up 5.3% year over year and meeting expectations, but missed EPS estimates significantly and its stock fell 10.5% to $152.60.