Infosys Q3 EPS $0.18, Inline, Sales $4.66B Beat $4.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Infosys (NYSE:INFY) reported Q3 earnings per share (EPS) of $0.18, which was in line with analyst estimates, but marked a 5.26% decrease from the $0.19 EPS reported in the same quarter last year. The company's quarterly sales reached $4.66 billion, slightly surpassing the consensus estimate of $4.63 billion by 0.71% and representing a marginal increase of 0.09% from the previous year's sales.
January 11, 2024 | 10:50 am
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Infosys reported a Q3 EPS of $0.18, matching expectations, with a slight decrease from last year's EPS. Sales exceeded estimates, showing marginal year-over-year growth.
While Infosys met EPS estimates, the decrease from the previous year's earnings may concern investors. However, the slight sales beat could offset negative sentiment. The impact on the stock price is likely to be neutral in the short term as the results were largely anticipated and do not represent a significant deviation from expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100