Cognizant Down On Earnings News

Filed under: Earnings Reports, Technology

Cognizant Technology Solutions Corp. (CTSH) was off today after the company issued results for the fourth quarter. With a little more than thirty minutes to go before the end of the regular session, I'm seeing a quote of $74.25, a price that represents a drop of about 1.6%. Volume is above average.



According to the press release, profit on a reported basis calculated out to 66 cents per share. A year ago, Cognizant booked 47 cents per share. On an adjusted basis, net income was 70 cents per share this time around versus 50 cents per share in the comparable period. Earnings.com says the call was for 65 cents per share.

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Cognizant Down On Earnings News originally appeared on BloggingStocks on Mon, 07 Feb 2011 17:00:00 EST. Please see our terms for use of feeds.

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