Investing.com - Infosys ADR reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infosys ADR announced earnings per share of 0.14 on revenue of 3.20B. Analysts polled by Investing.com anticipated EPS of 0.13 on revenue of 3.13B. That with comparison to EPS of 0.13 on revenue of 3.06B in the same period a year before.Infosys ADR had reported EPS of 0.15 on revenue of 3.24B in the previous quarter.Analysts are expecting EPS of 0.13 and revenue of 3.11B in the upcoming quarter.
Infosys ADR shares are down 16.86% from the beginning of the year and are trading at 8.71 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Infosys ADR shares gained 1.52% in pre-market trade the report.
Infosys ADR follows other major Technology sector earnings this month
Infosys ADR's report follows an earnings matched by Taiwan Semiconductor on Thursday, who reported EPS of 0.75 on revenue of 10.32B, compared to forecasts EPS of 0.75 on revenue of 10.32B.
Micron had beat expectations on Wednesday, March 25, 2020 with second quarter EPS of 0.45 on revenue of 4.8B, compared to forecast for EPS of 0.37 on revenue of 4.69B.
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