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Infosys shares falls; Q4 earnings seen disappointing

Shares in Infosys fell just under 2% on worries it would disappoint when it posts fiscal fourth quarter earnings on Friday, with the outlook also constrained by worries about the US economy after last week's disappoint jobs data.

April 10, 2012 / 15:11 IST
     
     
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    Shares in Infosys fell just under 2% on worries it would disappoint when it posts fiscal fourth quarter earnings on Friday, with the outlook also constrained by worries about the US economy after last week's disappoint jobs data.

    Shares in domestic software service exporters have also been under pressure over fears the United States will target the sector with cumbersome measures, given it sends large number of Indian employees to the country under H-1B visas.

    As of Tuesday, SmartEstimate from StarMine shows earnings could fall 0.7% short of current consensus estimates of an earnings-per-share of Rs 40.53.

    first published: Apr 10, 2012 03:00 pm

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