Cognizant Announces Second Quarter 2016 Results and Expanded Stock Repurchase Program
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Cognizant (CTSH) Tops Q2 EPS by 5c; Guides Q3 Below Views; Adds to Buyback Plan
August 5, 2016 6:13 AM EDTCognizant (NASDAQ: CTSH) reported Q2 EPS of $0.87, $0.05 better than the analyst estimate of $0.82. Revenue for the quarter came in at $3.37 billion versus the consensus estimate of $3.37 billion.
Our Board of Directors approved an increase of the Company's stock repurchase program by $1.0 billion, from $2.0 billion to $3.0... More
