ZUG: Luxoft Holding Inc. (LXFT) on Thursday reported fiscal first-quarter earnings of $14.1 million.
The Zug, Switzerland-based company said it had net income of 42 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 62 cents per share.
The software and IT company posted revenue of $178 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $177 million.
Luxoft expects full-year earnings to be $2.85 per share, with revenue expected to be $781 million.
Luxoft shares have decreased 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.67, a fall of slightly more than 7 percent in the last 12 months.
