"As time passes we'll start seeing some analysts start changing their tune." To be sure, no investors or analysts are expecting Samsung facebook/" target="_blank">shares to crash. The leadership vacuum will temper investors' hopes for strategic moves that could deliver new near-term growth drivers. But the stock is losing steam, up just 3 percent so far in April, and some investors are questioning the company's long-term growth potential and whether it can maintain the double-digit profit growth expected this year. But this growth will not be repeated, analysts say, with more production capacity coming online to alleviate the bottleneck.
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According to average of estimates of analysts polled by CNBC-TV18, profit for the quarter was expected at Rs 3,570 crore on revenue of Rs 17,235 crore. The software services exporter has reported consolidated profit at Rs 3,603 crore for the January-March quarter, degrowth of 2.8 percent from Rs 3,708 crore in previous quarter. Dollar revenue during the quarter stood at USD 2,569 million, a growth of 0.7 percent over previous quarter, which was slightly lower than analysts' forecast of USD 2,584 million. "We added seven clients in USD 5 million category and one in USD 25 million category," it said. Infosys said its consolidated revenue for the fiscal year ending March 2018 is expected to grow 6.5-8.5 percent in constant currency.
The 50-day moving average is the average of the last 50 days of closing prices, and technical strategists look at a close below that average as a set up for a potential sell-off. If we break below it on a meaningful basis, I think the market might test the 200-day moving average. "We challenged the 50-day moving averages and now we are re-challenging it. Both the S&P and Dow broke below their 50-day moving averages, a negative sign for some traders. We're expecting first quarter earnings to be up by about 10 percent," he said, adding that earnings on average have been beating forecasts by about 3.5 percent.
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Infosys Q4 profit dips 2.8%, attrition down; FY18 dollar revenue growth seen at 6.5-8.5%
According to average of estimates of analysts polled by CNBC-TV18, profit for the quarter was expected at Rs 3,570 crore on revenue of Rs 17,235 crore. The software services exporter has reported consolidated profit at Rs 3,603 crore for the January-March quarter, degrowth of 2.8 percent from Rs 3,708 crore in previous quarter. Dollar revenue during the quarter stood at USD 2,569 million, a growth of 0.7 percent over previous quarter, which was slightly lower than analysts' forecast of USD 2,584 million. "We added seven clients in USD 5 million category and one in USD 25 million category," it said. Infosys said its consolidated revenue for the fiscal year ending March 2018 is expected to grow 6.5-8.5 percent in constant currency.
Best corporate profit growth since 2011 competes with geopolitical pressures on markets
The 50-day moving average is the average of the last 50 days of closing prices, and technical strategists look at a close below that average as a set up for a potential sell-off. If we break below it on a meaningful basis, I think the market might test the 200-day moving average. "We challenged the 50-day moving averages and now we are re-challenging it. Both the S&P and Dow broke below their 50-day moving averages, a negative sign for some traders. We're expecting first quarter earnings to be up by about 10 percent," he said, adding that earnings on average have been beating forecasts by about 3.5 percent.
read more visit us profit
collected by :Jack Luxor
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