HCL Technologies' Q2 earnings per share may beat estimates: StarMine

Written by Reuters | New Delhi | Updated: Jan 16 2014, 15:47pm hrs
HCL TechHCL Technologies Ltd is scheduled to announce its earnings for October-December quarter on Thursday.
HCL Technologies Ltd may beat consensus earnings per share forecast for the October-December quarter when it reports results on Thursday, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects HCL Technologies to report an EPS of Rs 20.37 for the quarter, compared with a consensus mean estimate of Rs 19.94.

The company's peer, Infosys Ltd, on Friday posted better-than-expected quarterly results and raised its outlook on improving outsourcing demand.

HCL Technologies shares were up 1.2 per cent at 10.59 a.m.