WNS Holdings Lowers Full-Year Guidance, Shares Plunge

1 Mins read

Shares of WNS Holdings tumbled on Thursday as the business process management company revised its full-year guidance, citing anticipated reduced business from certain clients.

The company’s American depository receipts (ADRs) dropped 20% to $55 during afternoon trading, contributing to a 31% decline in stock value for the year.

WNS now projects its full-year revenue (excluding repair payments) to be within the range of $1.254 billion to $1.3 billion, down from the previous guidance range of $1.296 billion to $1.354 billion. Analysts surveyed by FactSet expect revenue of approximately $1.332 billion.

Lower volumes from select clients and decreased project revenue were identified as reasons for the revision, according to Finance Chief Sanjay Puria.

Adjusted earnings per share (EPS) for the full year are now expected to be between $4.04 and $4.24, compared to the prior range of $4.21 to $4.45. Analysts’ consensus estimate is set at $4.34 per share.

In the fiscal second quarter, WNS reported a profit of $57.8 million, or $1.16 per share, an increase from $33.2 million, or 66 cents per share, in the same period last year. Analysts surveyed by FactSet predicted earnings of 69 cents per share.

Related posts

Banking Regulations for Preventing Failures

2 Mins read
Banking regulators have the power to prevent future bank collapses, according to a panel of banking experts who emphasized the importance of…

Dave's Strong Q4 Performance

1 Mins read
Shares of Dave surged on Tuesday following the digital bank’s announcement of a profitable fourth quarter earlier than expected, with a positive…

DaVita Expands in Latin America

1 Mins read
Shares of DaVita reached record levels as the kidney care services company announced its significant expansion into Latin America through a $300…

Leave a Reply

Your email address will not be published. Required fields are marked *

39 − 32 =