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Strategies & Market Trends : The Thread

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To: SpinCity1 who wrote (43345)4/11/2001 11:25:19 AM
From: SirRealist  Read Replies (1) of 49816
 
Considering this report on INFY:

For the first quarter, however, Infosys forecast earnings of 28 to 29 cents per ADS on revenue of $123 million to $125 million, below the average estimate of analysts polled by First Call/Thomson Financial for a profit of 30 cents. For fiscal 2002, the company projects a profit of $1.24 to $1.27 per share on revenue of $530 million to $545 million, under Wall Street views for a profit of $1.45.

The selloff is overdone and should rise back to $65 imo.
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