Shares of VanceInfo Technologies (VIT +22%) bounce back hard from early morning losses after its Q3 results largely disappointed. Profit fell 59% Y/Y, as the Chinese outsourcing company saw rising input costs continue to outweigh strong sales growth. However, the stock has already been hammered, down 73% over the past year, and investors appear to be finding encouragement in the company's raising of its FY revenue growth estimates.
After a brief respite, VanceInfo (VIT -7.7%) continues its downward march following a terrible earnings report on Tuesday. The stock has broken through a another 52-week low, and nears a two-year bottom.
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.