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Luxoft: Fiscal 3Q Earnings Snapshot

ZUG, Switzerland (AP) _ Luxoft Holding Inc. (LXFT) on Wednesday reported fiscal third-quarter earnings of $10.8 million.

On a per-share basis, the Zug, Switzerland-based company said it had net income of 32 cents. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The software and IT company posted revenue of $230.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $235.9 million.

Luxoft shares have risen 92 percent since the beginning of the year. The stock has risen nearly 8 percent in the last 12 months.


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