Capgemini cuts revenue forecast again as soft markets hit Q3 sales [Yahoo! Finance]
CAPGEMINI SE UNSP/ADR (CGEMY)
NASDAQ:AMEX Investor Relations:
investors.capgemini.com
Company Research
Source: Yahoo! Finance
continued weakness in some of its markets, especially manufacturing, hit third-quarter sales. The company, which offers services ranging from cloud and AI to enterprise management across a wide array of industries, had in July forecast a surprise fall in its annual revenue due to a downturn in the automotive and aerospace sectors. The Paris-based group now expects its revenue to decline between 2% and 2.4% at a constant currency basis, versus its previous forecast for a drop of 0.5% to 1.5%. Its shares fell 6.6% by 0902 GMT, among the worst performers of Europe's benchmark STOXX 600 index. "The group lacks momentum in 2024 and potentially in 2025," said Sarah Thirion, analyst at Midcap Partners, pointing to the discretionary nature of spending and Capgemini's exposure to the automotive sector and weak European markets. However, she added "the prospect of a gradual improvement in profitability remains intact beyond 2025". Capgemini's third-quarter revenue fell 1.6% at const
Show less
Read more
Impact Snapshot
Event Time:
CGEMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CGEMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CGEMY alerts
High impacting CAPGEMINI SE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CGEMY
News
- AI Agents: The New Way To Interact With Customers [Forbes]Forbes
- Financial Services In An Apple And Walmart World [Forbes]Forbes
- Three Predictions On What Is In Store For Tech Leaders In 2025 [Forbes]Forbes
- Anthropic's new AI model can control your PC [Yahoo! Finance]Yahoo! Finance
- Anthropic's new AI model can control your PC [TechCrunch]TechCrunch