Teleperformance falls on driven revenue miss
** Shares in Teleperformance TEPRF.PA fall around 4% after the French call centre operator published a Q3 revenue miss, impacted by adverse foreign exchange conditions
** The group reported quarterly revenue at 2.52 billion euros ($2.71 billion), 2% below company-compiled analyst consensus according to J.P.Morgan ("underweight")
** Besides the miss, the broker is "cautious" on the future profitability of Core & D.I.B.S. business due to decline in onshoring sales, offshoring moving to cheaper locations, causing initial setup costs, and intensification of latest wave of automation
** Deutsche Bank ("hold") says the FX drag was bigger than expected, adds that "structural questions persist", while Midcap Partners ("buy") keeps a conservative position
** Shares are on track for their worst day since end-September
($1 = 0.9290 euros)
Reporting by Olivier Cherfan
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