Cognizant Tech Solns Q1 2024 Adj EPS $1.12 Beats $1.11 Estimate, Sales $4.800B Beat $4.718B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cognizant Technology Solutions (CTSH) reported Q1 2024 earnings of $1.12 per share, surpassing the $1.11 consensus estimate. Sales reached $4.800 billion, exceeding the $4.718 billion estimate but marking a 0.25% decrease from the previous year.

May 01, 2024 | 8:01 pm
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Cognizant Technology Solutions reported higher-than-expected Q1 2024 earnings and sales, with a slight year-over-year revenue decline.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. However, the slight year-over-year decrease in sales may temper some of the positive impact, suggesting a cautious optimism among investors.
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