Why Luxoft Holding Inc. Stock Sank Today

newsfeedback@fool.com (Steve Symington), The Motley Fool
Thu, 05/24/2018 - 9:21am

Shares of Luxoft Holding Inc. (NYSE: LXFT) were down 21.3% as of 11:30 a.m. EDT Thursday after the software development company announced strong quarterly results, but followed with light guidance.On the former, for Luxoft's fiscal fourth-quarter ended March 31, 2018, revenue climbed 14.1% year over year to $232.9 million. That translated to adjusted (non-GAAP) net income of $20.5 million, or $0.59 per diluted share, down from $21.5 million, or $0.63 per share in the same year-ago period.

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Topics:  luxoft holding inc nyse   lxft    edt thursday   luxoft   march   images   million   share   revenue   year   
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