Cognizant Technology Solutions (CTSH) reported first quarter adjusted EPS of $0.71 Monday morning, up from $0.62 in the prior year period. Analysts expected EPS of $0.70. The company expects to report second quarter adjusted EPS of $0.72 and full year 2015 adjusted EPS of $2.93. The consensus estimates are for EPS of $0.73 and $2.95.
Cognizant Technology Solutions gapped up sharply Monday and climbed during the first hour of trade, before profit taking set in. Shares finished up by 3.64 at $62.78, with volume at a 3-month high. The stock rose to a 2 1/2 week high and re-crossed its 50-day moving average.
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