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Genpact: 3Q Earnings Snapshot

·1 min read

HAMILTON, Bermuda (AP) _ Genpact Ltd. (G) on Monday reported third-quarter net income of $85.4 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, came to 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The business process management services provider posted revenue of $935.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $905 million.

Genpact expects full-year earnings in the range of $2.08 to $2.11 per share.

Genpact shares have dropped 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.66, a decrease of 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on G at https://www.zacks.com/ap/G