Key Points Concentrix’s fiscal third-quarter revenue missed analysts’ estimates. The shortfall, however, reflects a shift in paying customers’ preferences rather than a loss of customers. After the revenue shock ran its course, investors priced in the impressive earnings beat. 10 stocks we like better than Concentrix › If you want proof that investors are capable of jumping to the wrong conclusion, look no further than today's price action from shares of technology outfit Concentrix (NASDAQ: CNXC) . Down as much as 8.6% from Tuesday's close early on in today's trading session, as of 2:38 p.m. ET this tech stock is up 3%. What happened? The market was fully prepared to price in the company's fiscal Q3 revenue shortfall reported after Tuesday's close.
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