Luxoft Holding Inc (LXFT) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Luxoft Holding Inc (LXFT) reported quarterly earnings results on Thursday, Aug-11-2016. The company reported $0.62 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.63. The company posted revenue of $178.05 million in the period, compared to analysts expectations of $177.47 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Luxoft Holding Inc. Luxoft Holding Inc was Initiated by Pacific Crest to “Sector Weight” on Jul 12, 2016. Shares were Reiterated by Monness Crespi & Hardt on Jun 28, 2016 to “Buy” and Lowered the Price Target to $ 78 from a previous price target of $84 .Berenberg Initiated Luxoft Holding Inc on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $85.

Luxoft Holding Inc opened for trading at $55.58 and hit $55.69 on the upside on Monday, eventually ending the session at $55.67, with a gain of 0.45% or 0.25 points. The heightened volatility saw the trading volume jump to 3,55,513 shares. Company has a market cap of $1,848 M.

Luxoft Holding Inc. is a provider of software development services and information technology (IT) solutions. The Company’s software development services consist of custom software development and support product engineering and testing and technology consulting. The Company’s services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Company’s products include Horizon SuperCloud Twister and iStockTrack. The Company focuses on six industry verticals: financial services automotive and transport telecommunications (telecom) travel and aviation technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.

Luxoft Holding Inc

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