Genpact shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 EPS range. Also, the company issued Q2 revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Genpact shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also increased its forecast for FY24 earnings per share (EPS) and provided Q2 revenue guidance that surpassed analyst estimates.
May 09, 2024 | 8:42 pm
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POSITIVE IMPACT
Genpact's Q1 financial performance exceeded expectations, leading to an upward revision of its FY24 EPS forecast and higher Q2 revenue guidance.
Genpact's better-than-expected Q1 results and optimistic financial guidance for FY24 and Q2 indicate strong operational performance and potential for growth. This typically results in positive investor sentiment and could lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100