Wipro Q1 EPS $0.06 Misses $0.07 Estimate, Sales $2.78B Miss $2.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wipro (NYSE:WIT) reported Q1 earnings of $0.06 per share, missing the analyst consensus estimate of $0.07 by 20 percent. This is a 6.67 percent decrease from the same period last year. The company also reported quarterly sales of $2.78 billion, missing the analyst consensus estimate by 0.02 percent, but marking a 2.04 percent increase from the same period last year.
July 13, 2023 | 10:16 am
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Wipro's Q1 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Wipro's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100