By Nate Wolf
Wipro stock fell Friday after the information-technology consultancy reported weaker-than-expected quarterly earnings and disappointing guidance.
The India-based company reported earnings of 3 cents a share for its fiscal third quarter, missing analysts' estimate of 4 cents, according to FactSet. Revenue totaled $2.62 billion, up 5.5% from the prior year and narrowly above Wall Street's call for $2.61 billion.
Wipro expects revenue from its IT services segment -- nearly all of the company's business -- to be between $2.64 billion and $2.69 billion in the current quarter. Analysts had forecast revenue of $2.7 billion heading into the earnings print.
U.S.-listed depositary receipts fell 5.1% in premarket trading Friday.
The disappointing results come on the heels of a strong quarterly report from fellow India-based IT consulting giant Infosys, which caused shares of Wipro and other IT consultants to surge on Wednesday. Both stocks suffered double-digit declines in 2025 amid concerns over whether efficiencies from artificial intelligence would reduce demand for consultants.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
January 16, 2026 08:08 ET (13:08 GMT)
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