UPDATE: iGate Posts Downbeat Q2 Profit
iGate (NASDAQ: 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, versus analysts' estimates of $0.29 per share.
iGate shares closed at $16.00 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.