Why Cognizant Technology Stock Fell Today
Shares of Cognizant Technology (NASDAQ: CTSH) fell today after the company reported its first-quarter results late yesterday.
The tech stock had tumbled by 7.9% as of 2:09 p.m. EDT.
Cognizant Technology's first-quarter revenue increased 4.2% year over year, to $4.4 billion, and adjusted earnings were $0.97 per share, ahead of Wall Street's consensus estimate of $0.94 per share.
Source Fool.com
