Cognizant Tech Solns (NASDAQ:CTSH) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:01 PM.
Here's what investors need to know about the announcement.
Cognizant Tech Solns beat estimated earnings by 5.56%, reporting an EPS of $1.14 versus an estimate of $1.08.
Revenue was up $321.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 12.75% drop in the share price the next day.
Here's a look at Cognizant Tech Solns's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Cognizant Tech Solns management provided guidance for FY 2022, expecting earnings between $4.51 and $4.57 per share.
To track all earnings releases for Cognizant Tech Solns VISIT THEIR EARNINGS CALENDAR HERE.
This article was generated by Benzinga's automated content engine and reviewed by an editor.