Infosys Ltd ADR (INFY) Releases Earnings Results, Beats Expectations By $0.44 EPS

Infosys Ltd ADR (INFY) announced its most recent quarterly financial results on Friday, Oct-14-2016. INFY said it had a profit of $15.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.44. Analysts had a consensus of $15.33. The company posted revenue of $173100.00 million in the period, compared to analysts expectations of $172434.78 million. INFY’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $14.87 EPS.

Many Wall Street Analysts have commented on Infosys Ltd ADR. Wedbush Initiated Infosys Ltd ADR on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $18.Infosys Ltd ADR was Downgraded by HSBC Securities to ” Hold” on Aug 9, 2016. Infosys Ltd ADR was Downgraded by Nomura to ” Neutral” on Jul 18, 2016.

Infosys Ltd ADR closed down -0.17 points or -1.07% at $15.7 with 33,44,686 shares getting traded on Tuesday. Post opening the session at $15.82, the shares hit an intraday low of $15.655 and an intraday high of $15.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Infosys Limited is engaged in consulting technology outsourcing and next-generation services. The Company’s solutions include application development and maintenance independent validation services infrastructure management engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting enterprise solutions and package implementation systems integration and business intelligence; Products business platforms and solutions and technologies such as cloud computing enterprise mobility digital big data and analytics. Its segments are Financial Services and Insurance Manufacturing Energy and utilities Communication and Services Retail Consumer packaged goods and Logistics Life Sciences and Healthcare and Growth Markets.

Infosys Ltd ADR

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