Conduent (CNDT) reported earnings on Tue 6 Nov 18 (b/o)

** charts after earnings **

 

 Conduent reports EPS in-line, misses on revs; lowers FY18 revs guidance below consensus

• Reports Q3 (Sep) earnings of $0.28 per share, in-line with the S&P Capital IQ Consensus of $0.28; revenues fell 11.9% year/year to $1.3 bln vs the $1.34 bln S&P Capital IQ Consensus.
• Co lowers guidance for FY18, sees FY18 revs of $5.34 bln to $5.40 bln from $5.41 bln to $5.61 bln vs. $5.47 bln S&P Capital IQ Consensus.
  • Adjusted EBITDA expected between $640 mln and $650 mln, down from previous guidance for $662 mln to $688 mln
  • Adjusted FCF expected between $160 mln and $195 mln, down from previous guidance for $166 mln to $241 mln