Earnings Results: Infosys stock suffers biggest drop in 3 years as ‘unplanned project ramp downs’ lead to earnings miss

The U.S.-listed shares of Infosys Ltd. tumbled 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 and said the outlook remained “uncertain.”

The company reported net income for the quarter to March 31 of $744 million, or 18 cents a share, compared with $753 million, or 18 cents a share, in the same period a year ago. The FactSet consensus was for earnings per share to rise to 19 cents.

Revenue…

This post was originally published on Market Watch

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Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

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