Investing.com - Wipro ADR reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wipro ADR announced earnings per share of 0.07 on revenue of 2.7B. Analysts polled by Investing.com anticipated EPS of 0.0744 on revenue of 2.76B.
Wipro ADR shares are down 30.23% from the beginning of the year and are trading at 6.570 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Wipro ADR shares lost 3.52% in pre-market trade the report.
Wipro ADR follows other major Information Technology sector earnings this month
Wipro ADR's report follows an earnings beat by Apple on Thursday, who reported EPS of 1.52 on revenue of 97.28B, compared to forecasts EPS of 1.43 on revenue of 94.15B.
Microsoft had beat expectations on Tuesday with third quarter EPS of 2.22 on revenue of 49.36B, compared to forecast for EPS of 2.19 on revenue of 49.01B.
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