Luxoft Holding, Inc.
|Company Name||Luxoft Holding, Inc.|
On August 11, 2017, Luxoft announced its financial results for the three months ended June 30, 2017. Luxoft disclosed slower business growth than anticipated and revised its 2018 outlook, noting “Revenue is expected to be at least $920 MM, revised down from originally announced $943 million.” On this news, shares of Luxoft fell $15.10, to close at $45.70 on August 11, 2017, thereby injuring investors.
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