VanceInfo Technologies Inc. (VIT) Releases FY12 Earnings Guidance
VanceInfo Technologies Inc. (VIT) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.75-0.81 for the period. VanceInfo Technologies also updated its Q3 guidance to $0.18-0.20 EPS.
VanceInfo Technologies Inc. (VIT) traded up 4.19% on Wednesday, hitting $7.825. VanceInfo Technologies Inc. (VIT) has a 52-week low of $7.01 and a 52-week high of $14.28. The company has a market cap of $331.2 million and a price-to-earnings ratio of 20.98.
VanceInfo Technologies last posted its quarterly earnings results on Friday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.01. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. Analysts expect that VanceInfo Technologies Inc. (VIT) will post $0.78 EPS for the current fiscal year.
On a related note, analysts at Roth Capital downgraded shares of VanceInfo Technologies from a buy rating to a neutral rating in a research note to investors on Monday, August 13th.
VanceInfo Technologies Inc. is an information technology (IT) service provider and an offshore software development company in China.
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