• Wipro Ltd WIT.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of three analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 3 cents to 3 cents per share.

• Revenue fell 1% to $2.64 billion from a year ago; analysts expected $2.62 billion.

• Wipro Ltd's reported EPS for the quarter was 4 cents​.

• Wipro Ltd shares had fallen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "sell"

Wall Street's median 12-month price target for Wipro Ltd is $2.90

This summary was machine generated from LSEG data January 17 at 12:13 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)