Ness Technologies Up 4.1% On Earnings Beat (NSTC)

Shares of Tel Aviv, Israel-based Ness Technologies, Inc. NSTC are trading up 4.1% at $6.40 per share during the Wednesday afternoon trading session. The day's trading range for shares of Ness Technologies, Inc has been between $6.15 and $6.49 per share. Analysts covering the company's stock give it a consensus price target of $7.10 per share. Volume of 214,000 shares is well above the daily average volume of 155,000 shares. Ness Technologies, Inc. (NSTC) announced on Wednesday morning that it beat consensus Wall Street earnings expectations. Ness Technologies, Inc announced 4th quarter adjusted earnings per share of 17 cents, on revenue of $157.41 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 14 cents per share, on revenue of $157.39 million. Ness Technologies, Inc is a global provider of IT and business services and solutions with specialized expertise in software product engineering; and system integration, application development, consulting and software distribution. Read more from Benzinga's Company news.