Sify Technologies misses EPS estimates by a penny
Sify Technologies Ltd. (Nasdaq: SIFY), a provider of Internet, network and electronic commerce services in India, reported third-quarter earnings a penny below an analyst’s estimate on Wall Street.
Shares of Sify Technologies slid 6.28%, or $0.28, to a new 52-week low of $4.18 ahead of the opening. Shares of Sify Technologies have been trading in the range of $4.40 to $11.93 for the past 52 weeks.
For the three months ended Dec. 31, 2007, the Chennai, India-based company reported earnings per share of $0.03 per share, a penny below the $0.04 per share an analyst polled by Thomson Financial was forecasting.
Revenues for the quarter were $38.38 million, in line with the $38.49 million an analyst polled by Thomson Financial was forecasting. The current quarter’s revenues represent an 8.7% increase over $31.50 million booked in the same quarter last year.
