Investing.com - Cognizant (NASDAQ:CTSH) A reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cognizant A announced earnings per share of $0.96 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $0.93 on revenue of $4.22B. That with comparison to EPS of $0.91 on revenue of $4.11B in the same period a year before.Cognizant A had reported EPS of $1.07 on revenue of $4.28B in the previous quarter.Analysts are expecting EPS of $0.86 and revenue of $4.01B in the upcoming quarter.
Cognizant A shares are down 5% from the beginning of the year and are trading at $57.62 , down-from-52-week-high.They are under-performing the Nasdaq which is down 0.66% year to date.
Cognizant A shares lost 1.94% in after-hours trade following the report.
Cognizant A follows other major Technology sector earnings this month
Cognizant A's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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