Why Is Business Services Provider Conduent Stock Diving Today?
Why Is Business Services Provider Conduent Stock Diving Today?
Adjusted EPS loss of $0.14 was down from $0.01 a year ago, beating the consensus loss estimate of $0.28.On Wednesday, Conduent Inc. (NASDAQ:CNDT) reported a second-quarter 2024 revenue decline of 9.5% year over year to $828 million, beating the consensus of $803.33 million.
週三，Conduent公司(NASDAQ:CNDT)報告了2024年第二季度營業收入下降9.5%至8,2800萬美元，超過了8033.3萬美元的共識。
Adjusted revenue declined 4.7% YoY to $811 million. The new business annual contract value (ACV) totaled $142 million. Total operating costs and expenses declined 42.7% YoY to $528 million.
調整後的營業收入同比下降4.7%至8,1100萬美元。新業務年度合同價值(ACV)總額達到1,4200萬美元。總運營成本和費用同比下降42.7%至5,2800萬美元。
Adjusted EBITDA declined 54.7% year over year to $29 million, with margin contracting 390 bps year over year to 3.6%.
調整後的EBITDA同比下降54.7%，至2,900萬美元，較去年同期下降390個點子，至3.6%。
Adjusted EPS loss of $0.14 was down from $0.01 a year ago, beating the consensus loss estimate of $0.28.
調整後的每股收益爲負0.14美元，低於去年同期的0.01美元，超過了負0.28美元的共識虧損預期。
Operating cash flow stood at negative $41 million, with an adjusted FCF of negative $55 million.
經營性現金流爲負4,100萬美元，調整後的自由現金流爲負5,500萬美元。
Conduent repurchased ~43.3 million shares in the quarter, including approximately 38 million shares of its common stock repurchased from Carl Icahn and affiliates.
Conduent在本季度回購了大約4,330萬股股票，其中包括從Carl Icahn及其附屬公司回購的約3,800萬股普通股。
The company exited the quarter with cash and equivalents worth $300 million. As of June end, its long-term debt was $789 million.
該公司以300,000,000美元的現金和等值物品退出本季度。截至6月底，其長期債務爲7.89億美元。
The company used the proceeds from the completed divestitures to prepay $300 million of principal of Term Loan B.
該公司利用完成的剝離籌集到的資金償還了貸款B的3000萬美元本金。
"Commercial sales were stronger on both a year-over-year and sequential basis and although Government sales is off to a slower than anticipated start to the year, our overall sales pipeline remains strong as does our balance sheet," commented Cliff Skelton, Conduent President and Chief Executive Officer.
Conduent總裁兼首席執行官Cliff Skelton評論道：“商業銷售在環比和同比上均表現強勁，儘管政府銷售在今年初始發遲緩，但我們的整體銷售渠道和資產負債表仍然強勁。”
2024 Outlook: Conduent expects adjusted revenue of $3.325 billion – $3.375 billion. While releasing its first-quarter results, the company expected revenue of $3.60 billion – $3.70 billion.
2024年展望：Conduent預計調整後的營業收入爲33.25億至33.75億元。在發佈第一季度業績時，該公司預計營收爲36億至37億美元。
The company reduced its adjusted EBITDA margin outlook from 8% – 9% to 4%- 5% for 2024.
該公司將2024年的調整後EBITDA利潤率展望從8%至9%降至4%至5%。
Price Action: CNDT shares are trading lower by 9.52% at $3.23 on the last check Wednesday.
股價行情：週三，CNDT股票最後檢查時以3.23美元交易，下跌9.52%。
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譯文內容由第三人軟體翻譯。
