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Cognizant Technology Solutions Corp. Q4 adjusted earnings Miss Estimates

Cognizant Technology Solutions Corp. (CTSH) released earnings for fourth quarter that fell from the same period last year.

The company's earnings came in at $316 million, or $0.59 per share. This compares with $395 million, or $0.72 per share, in last year's fourth quarter.

Excluding items, Cognizant Technology Solutions Corp. reported adjusted earnings of $516 million or $0.67 per share for the period.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.3% to $4.18 billion from $4.28 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance:

-Earnings (Q4): $516 Mln. vs. $727 Mln. last year.
-EPS (Q4): $0.67 vs. $1.07 last year.
-Analysts Estimate: $0.90
-Revenue (Q4): $4.18 Bln vs. $4.28 Bln last year.

-Guidance:
Next quarter revenue guidance: $4.34 - $4.38 Bln

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