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Infosys Ltd. (INFY) Sank Sharply After Q4 Report

Infosys Ltd. (INFY) reported fourth quarter earnings of $0.81 per ADS after the close Thursday, up from $0.70 per ADS last year. The consensus estimate was for EPS of $0.81. The company expects to report first quarter earnings of $0.73 per ADS and between $3.12 and $3.17 per ADS for the full year. The consensus estimates are for EPS of $0.76 and $3.25.

Infosys gapped open sharply lower Friday, but traded in a range throughout the session. The stock closed down by 7.62 at $49.15, with volume at over an 11-month high. Infosys plunged to nearly a 4-month low and fell below its 200-day moving average.

by RTTNews Staff Writer

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