Genpact Beats Q2 Estimates, Guides Q3 Revenue to $1.37-$1.38B
G sits 29% above its 52-week low of $26.85.
Summary
Genpact reported Q2 revenue of $1.34 billion, beating the $1.332 billion consensus, with adjusted EPS of $1.00 topping the $0.96 estimate. The company guided Q3 revenue to $1.37-$1.38 billion, implying 6-7% year-over-year growth, and sees full-year revenue growth of at least 7%. Adjusted EPS is expected to grow at least 12% for the full year, with Q3 adjusted EPS guided to $1.04-$1.05. The beat and raise signal accelerating momentum in Advanced Technology Solutions, which grew 24% in Q2. This follows the 8-K filed earlier today confirming the Q2 revenue jump.
At the time of this announcement, G was trading at $34.67 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $26.85 to $48.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.