Wipro Limited (ADR) (WIT) Releases Earnings Results, Misses Expectations By $-0.58 EPS

Wipro Limited (ADR) (WIT) reported quarterly earnings results on Tuesday, Jul-19-2016. The company reported $8.33 earnings per share for the quarter, missing the analyst consensus estimate by $-0.58. Analysts had a consensus of $8.91. The company posted revenue of $136000.00 million in the period, compared to analysts expectations of $137013.69 million. During the same quarter in the previous year, the company posted $8.89 EPS.

Many Wall Street Analysts have commented on Wipro Limited (ADR). Wipro Limited (ADR) was Downgraded by Citigroup to ” Sell” on Apr 21, 2016.

Wipro Limited (ADR) closed down -0.1 points or -0.84% at $11.85 with 4,60,225 shares getting traded on Monday. Post opening the session at $11.9, the shares hit an intraday low of $11.8 and an intraday high of $11.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Wipro Limited (Wipro) is a global information technology (IT) services provider. The Company operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services which include IT consulting custom application design development re-engineering and maintenance systems integration package implementation global infrastructure services business process services research and development and hardware and software design to the enterprises worldwide. The IT Products segment provides a range of third-party IT products which allows it to offer IT system integration services. These products include computing storage networking security and software products including databases and operating systems. The Company’s development centers are located around the world including in India the United States Europe Australia the Philippines and China.

Wipro Limited (ADR)

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