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

Core Insights - U.S. stock futures showed mixed results, with Dow futures up approximately 0.1% on Friday [1] - Concentrix Corporation reported disappointing third-quarter adjusted EPS results and lowered its FY25 adjusted EPS guidance, leading to a significant drop in its share price [1][2] Concentrix Corporation - Concentrix reported quarterly earnings of $2.78 per share, missing the Street estimate of $2.86 [2] - Quarterly revenue was $2.48 billion, exceeding the analyst consensus estimate of $2.45 billion [2] - The company reduced its fiscal 2025 adjusted EPS guidance to a range of $11.11 to $11.23, below the previous estimate of $11.69 [2] - Concentrix raised its revenue outlook for FY25 to between $9.79 billion and $9.82 billion, compared to the prior estimate of $9.77 billion [2] - Shares of Concentrix fell 20.5% to $43.73 in pre-market trading following the earnings report [2] Other Stocks in Pre-Market Trading - DarioHealth Corp. saw a decline of 18.9% to $11.10 after a previous surge of 44% due to a strategic review announcement [5] - Legacy Education Inc. dropped 13.3% to $10.68 after reporting worse-than-expected fourth-quarter EPS results [5] - Apellis Pharmaceuticals, Inc. fell 9.5% to $20.12 in pre-market trading [5] - Pharming Group N.V. decreased by 9.1% to $13.45 [5] - Kingsoft Cloud Holdings Limited declined 7.5% to $16.15 after announcing a new share offering [5] - IREN Limited dipped 7.4% to $42.85 [5] - LuxExperience B.V. fell 6.3% to $7.89 after a previous gain of 3% following its fourth-quarter financial results [5] - YD Bio Ltd dropped 6% to $13.40 [5] - VNET Group, Inc. declined 5.3% to $10.54 [5]