The firm’s web revenue fell to about $91 million, or $2.63 per share within the fourth quarter ended Dec. 31, from $131.1 million, or $3.57 per share, a yr earlier when it recorded a tax profit.

Revenue rose 2.4 % to $561.2 million.

The firm’s shares tumbled about 15 % to $44 in buying and selling after the bell on Wednesday. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D’Souza)





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