Cognizant Technology Solutions Lowers Guidance

Thu. July 31, 2008; Posted: 04:47 PM

Jul 31, 2008 (EarningsWhispers Guidance Summaries via Comtex) -- CTSH | Quote | Chart | News | PowerRating -- Cognizant Technology Solutions (NASDAQ: CTSH | Quote | Chart | News | PowerRating) said it expects third quarter earnings of $0.37 to $0.41 per share on revenue of at least $723.0 million. The current consensus earnings estimate is $0.39 per share on revenue of $748.1 million for the quarter ending September 30, 2008. The company said it expects 2008 earnings of $1.44 per share on revenue of at least $2.81 billion. The company's previous guidance was earnings of approximately $1.50 per share on revenue of approximately $2.95 billion and the current consensus earnings estimate is $1.49 per share on revenue of $2.88 billion for the year ending December 31, 2008.

This earnings guidance summary was provided by EarningsWhispers, a leading provider of earnings expectations - including corporate guidance announcements and analysts' expectations that differ from published estimates. http://www.earningswhispers.com

For full details on Cognizant Tech Sol Cp A (CTSH) click here. Cognizant Tech Sol Cp A (CTSH) has Short Term PowerRatings of 4. Details on Cognizant Tech Sol Cp A (CTSH) Short Term PowerRatings is available at This Link.

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