WNS falls on weak 2023 profit forecast

WNS (Holdings)

21/04/2022 18:21

** Shares of business process management co  WNS.N  fall as
much as 5% to a near 1-1/2 month low of $79.5 after co forecast
2023 profit below estimates 
    ** Stock last down 3.4%, on course for second straight
session of losses
    ** Co expects full-year 2023 adjusted earnings per ADS to be
between $3.50 and $3.73, below analysts' average expectation of
$3.76 - Refinitiv IBES data  urn:newsml:reuters.com:*:nBwbVxZ8ra
    ** However, co beat Q4 revenue and profit estimates 
    ** Says Q4 revenue rose 22.5% to $298.8 mln, beating
analysts' estimates of $265.5 mln
    ** WNS adds Q4 revenue improved as a result of new client
additions and increased travel volumes among others
    ** Stock down ~8% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))