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Luxoft Holding Inc. (LXFT) Has Plunged To A New Low After Q1 Report

Luxoft Holding Inc. (LXFT) reported first quarter non-GAAP EPS of $0.50 after the close Thursday, down from $0.62 in the prior year period. The company expects to report full year EPS of at least $2.85.

Luxoft gapped open sharply lower Friday and has continued to lose ground in early trade. The stock is now down 17.20 at $43.60 on the highest volume of the year. Luxoft has plummeted to a new low for the year.

by RTTNews Staff Writer

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