Investing.com - Infosys ADR reported on Sunday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Infosys ADR announced earnings per share of 0.16 on revenue of 4.44B. Analysts polled by Investing.com anticipated EPS of 0.1729 on revenue of 4.33B.
Infosys ADR shares are down 20.21% from the beginning of the year and are trading at 18.88 , down-from-52-week-high.They are under-performing the Nifty 50 which is down 3.66% from the start of the year.
Infosys ADR follows other major Information Technology sector earnings this month
Infosys ADR's report follows an earnings beat by Taiwan Semiconductor on July 14, who reported EPS of 1.53 on revenue of 17.87B, compared to forecasts EPS of 1.44 on revenue of 17.68B.
ASML ADR had beat expectations on Wednesday with second quarter EPS of 3.62 on revenue of 5.55B, compared to forecast for EPS of 3.61 on revenue of 5.56B.
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