Cognizant Technology Solutions (CTSH) reported third quarter EPS of $0.48 Tuesday morning, which topped the consensus estimate of $0.41. The company expects to report fourth quarter EPS of $0.49 and full year 2009 EPS of $1.88. The consensus estimates are for EPS of $0.42 and $1.68 respectively.
Cognizant Technology Solutions gapped open higher Tuesday, but was range-bound for the majority of the session. The stock finished up by $3.17 at $41.97 and broke out to a new high for the year.
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