Shares of VanceInfo (VIT -28.6%) implode after the firm records a Q2 EPS miss of $0.02, and...

|About: VanceInfo Technologies Inc. (VIT)|By:, SA News Editor

Shares of VanceInfo (VIT -28.6%) implode after the firm records a Q2 EPS miss of $0.02, and issues downward revenue and EPS guidance for Q3. The China-based software firm blames its margin pressure on the "rising inflationary environment in China," and says the near-term outlook isn't clear for the industry.