Investing.com - Cognizant (NASDAQ:CTSH) A reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cognizant A announced earnings per share of $1.14 on revenue of $4.91B. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $4.92B.
Cognizant A shares are down 49% from the beginning of the year and are trading at $67.75 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Cognizant A shares lost 3.63% in after-hours trade following the report.
Cognizant A follows other major Information Technology sector earnings this month
Cognizant A's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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