Infosys Fades on U.S. Economy Concerns

SAN FRANCISCO -- Infosys' (INFY Quote) strong second-quarter financial results failed to impress investors, who overlooked how well the company has weathered profit pressures caused by currency fluctuations that had caused concerns earlier in the year.

Shares of the Indian tech services giant were recently trading down $3.42, or more than 6%, to $51.87, after Infosys reported second-quarter revenue of more than $1 billion for the first time in its history and raised full-year guidance for the second consecutive quarter.

The stock loss erases most of the gains the stock had made in previous days. ...