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Cognizant: Q2 Earnings Snapshot
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TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported second-quarter profit of $636 million.

The Teaneck, New Jersey-based company said it had profit of $1.36 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The information technology consulting and outsourcing firm posted revenue of $5.48 billion in the period, meeting Street forecasts.

For the current quarter ending in September, Cognizant said it expects revenue in the range of $5.6 billion to $5.68 billion.

The company expects full-year earnings in the range of $5.70 to $5.82 per share, with revenue ranging from $22.04 billion to $22.35 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTSH at https://www.zacks.com/ap/CTSH

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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