BUZZ-Outsourcing firm Conduent falls after downbeat fourth-quarter results
ReutersFeb 12, 2025 2:15 PM
Business processing outsourcing firm Conduent's CNDT.O shares fall ~6% to $4.13 premarket
Company reports a 16% decline in Q4 revenue to $800 million
Posts quarterly adjusted loss per share of 15 cents vs a profit of 3 cents per share a year ago
Also forecasts annual adjusted revenue between $3.10 billion and $3.25 billion, the midpoint of which falls in line with 2024 adjusted revenue of $3.18 billion
Conduent, which was spun out of Xerox XRX.O in 2016, is exploring a sale after receiving acquisition interest, people familiar with the matter told Reuters last week
CNDT rose ~11% in 2024
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