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Infosys shares hurt by weak earnings forecast

Infosys reports a better-than-expected fourth-quarter profit, but its shares tumble after the company forecasts a decline in earnings for the current financial year, citing the impact of the global economic crisis on its clients.

Related market news:

Infosys profit up 17.3%, but shares drop after forecast cut
Apple shares hit on weak forecast despite strong earnings
Infosys Technologies raises outlook but stock tumbles
Infosys quarterly income up 20.7% on-year, raises outlook
Infosys reports 17.3% jump in first-quarter profit
Infosys quarterly profit rises 33.3% from year-ago period
After Hours: Amazon shares slide after outlook; Amgen profit surges
Toro cuts its profit forecast
Sensex briefly down 9.6% in early trading, before recovering
V. Phani Kumar’s This Week in India: Infosys results, DLF’s share buy-back in focus


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