Wipro Ltd. Earnings: Here’s Why Investors Like These Results
Wipro Ltd. (NYSE:WIT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
Wipro Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6281.82% to $7.02 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 5035.37% to $110.26 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wipro Ltd. reported adjusted EPS income of $7.02 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $2.07 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 5415.12% from $2 billion in the previous quarter. EPS increased 5750% from $0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a profit $0.11. For the current year, the average estimate has moved down from a profit of $0.49 to a profit of $0.45 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)