The U.S.-listed shares of Infosys Ltd. tumbled 9.1% toward a 2 1/2-year low, after the India-based digital services and consulting company reported fiscal...
The U.S.-listed shares of Infosys Ltd.
tumbled 9.1% toward a 2 1/2-year low, after the India-based digital services and consulting company reported fiscal fourth-quarter profit and revenue that missed expectations. The stock was on track to suffer the biggest one-day selloff since it dropped 12.1% on March 16, 2020. Net income for the quarter to March 31 was $744 million, or 18 cents a share, compared with $753 million, or 18 cents a share, in the year-ago quarter. The FactSet consensus for earnings per share was 19 cents.
tumbled 9.1% toward a 2 1/2-year low, after the India-based digital services and consulting company reported fiscal fourth-quarter profit and revenue that missed expectations. The stock was on track to suffer the biggest one-day selloff since it dropped 12.1% on March 16, 2020. Net income for the quarter to March 31 was $744 million, or 18 cents a share, compared with $753 million, or 18 cents a share, in the year-ago quarter. The FactSet consensus for earnings per share was 19 cents.
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