Cognizant Technology Solutions Corp. (Nasdaq: CTSH) reported higher second quarter revenue and earnings of 61 cents per diluted share compared with 49 cents per diluted share in the year ago period but the company forecast current quarter revenue below expectations. The stock price plunged $6.31 to close at $43.67.
Cognizant Technology's forecast falls short
August 06, 2014 at 17:59 PM EDT