Cognizant Technology Solutions Corp (NASDAQ:CTSH) saw its stock go up today following the release of its earnings report for the fourth quarter of 2017.
Here are a few Cognizant earnings highlights from the fourth quarter.
- Earnings per share reported in the fourth quarter of the year was $1.03.
- This is an increase over its earnings per share of 87 cents from the same time last year.
- It also came in above Wall Street’s earnings per share estimate of 97 cents for the quarter.
- Cognizant earnings for the fourth quarter of 2017 include revenue of $3.83 billion.
- This is up roughly 11% from its revenue of $3.46 billion reported in the fourth quarter of 2016.
- It also beat out analysts’ revenue estimate of $3.82 billion for the period.
- Net loss reported in the most recent Cognizant earnings report was $18 million.
- This is down from net income of $416 million from the same quarter of the previous year.
- CTSH notes that its net income for the quarter was hurt by a $617 million charge in connection to the recent tax reform.
- Cognizant earnings report includes a dividend of 20 cents per share payable Feb. 28, 2018 to investors on record as of Feb. 22, 2018.
The most recent Cognizant earnings report also includes its . The professional services company is expecting earnings per share to be at least $4.53. Wall Street is looking for earnings per share of $4.35 for the year.
Cognizant also says that it is expecting revenue for the full year of 2018 range from $16.00 billion to $16.30 billion. Analysts are estimating revenue of $16.18 billion for the full year of 2018.
CTSH stock was up 6% as of Wednesday afternoon.
As of this writing, William White did not hold a position in any of the aforementioned securities.
