Investing.com - Wipro ADR reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wipro ADR announced earnings per share of 0.06 on revenue of 2.7B. Analysts polled by Investing.com anticipated EPS of 0.0685 on revenue of 2.72B.
Wipro ADR shares are down 46.82% from the beginning of the year and are trading at 5.190 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Wipro ADR follows other major Information Technology sector earnings this month
Wipro ADR's report follows an earnings beat by Visa A on Wednesday, July 13, 2022, who reported EPS of 1.79 on revenue of 7.19B, compared to forecasts EPS of 1.65 on revenue of 6.83B.
Taiwan Semiconductor had beat expectations on Thursday, July 14, 2022 with second quarter EPS of 1.53 on revenue of 17.87B, compared to forecast for EPS of 1.44 on revenue of 17.68B.
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