Infosys Q1 EPS $0.17 Misses $0.18 Estimate, Sales $4.62B Beat $4.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Infosys reported Q1 earnings of $0.17 per share, missing the analyst consensus estimate of $0.18 by 5.56%. However, the company's quarterly sales of $4.62 billion beat the estimate of $4.58 billion by 0.81%. This represents a 6.25% increase in earnings and a 3.89% increase in sales compared to the same period last year.
July 20, 2023 | 10:29 am
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Infosys missed Q1 earnings estimates but beat sales estimates. Earnings increased by 6.25% and sales by 3.89% YoY.
Infosys missed the earnings estimate but beat the sales estimate. This mixed result could lead to neutral short-term price movement. The YoY growth in earnings and sales is a positive sign, but the missed earnings estimate may concern some investors.
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