Investing.com - Cognizant (NASDAQ:CTSH) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.19 on revenue of $4.08B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $4.08B. That compared to EPS of $0.98 on revenue of $3.77B in the same period a year earlier. The company had reported EPS of $1.19 on revenue of $4.01B in the previous quarter.
For the year, Cognizant shares are down 2.53%, under-performing the Nasdaq 100 which is up 4.39% year to date.
Cognizant follows other major Technology sector earnings this month
On Wednesday, October 24, 2018, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. Investing.com analysts expected EPS of $10.41 on revenue of $27.32B
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