BUZZ-Concentrix shares fall as a $1.05 billion expense leads to a third-quarter loss

September 30 - ** Concentrix Corporation (CNXC.O) shares plunged 11.5% in pre-market trading to $22.02

** The global technology and services company (link) posted a loss of $16.24 per share in the third quarter after recording a $1.05 billion non-cash goodwill impairment

** Concentrix's third quarter revenue was $2.45 billion, slightly below expectations of $2.48 billion; adjusted earnings per share were $2.92, beating estimates of $2.71

** The company currently trades at 2.23 times its expected earnings for the next 12 months, well below the industry median of 13.72 times—data compiled by LSEG

** Of six brokerages, three rate the stock a "buy" or higher and three rate it a "hold"; the median price target is $30—data from LSEG

** As of the previous session close, CNXC has fallen 40.16% so far this year

(To facilitate non-native English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may be inaccurate or lack needed context, Reuters does not guarantee the accuracy of the automated translation and provides it purely for reader convenience. Reuters accepts no responsibility for any damage or loss arising from use of the automated translation feature.)