UPDATE: iGate Posts Downbeat Q2 Profit

iGate IGTE posted a weaker- than-expected Q2 profit. Net income attributable to common shareholders came in at $5.4 million, or $0.07 per share, versus a year-ago net loss of $1.8 million, or $0.02 per share. Excluding items, iGate earned $0.28 per share, vrsus analysts' estimates of $0.29 per share. iGate shares closed at $16.00 yesterday.