Luxoft Holding Q2 Profit Up - Quick Facts

(RTTNews) - Luxoft Holding, Inc. (LXFT) Tuesday reported second-quarter profit of $13.30 million or $0.40 per share, up from $9.14 million or $0.30 per share in the same period last year.

Adjusted earnings for the quarter was $0.47 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Sales of services totaled $97.66 million, up from $74.12 million last year. Analysts expected revenues of $91.70 million.

Looking ahead, the company has raised its full-year earnings forecast to $1.40 per share from its previous target of $1.60 per share. Adjusted earnings are expected to be about $1.30 per share, compared to its previous forecast of $1.48 per share.

Revenues are projected at approximately $384.0 million, up from its previous guidance of $378.0 million. Analysts currently expect the company to report full-year earnings of $1.57 per share on revenues of $378.93 million.