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Earnings

IT services firm Cognizant fourth-quarter forecasts miss estimates

Updated : October 30, 2018 04:40 PM IST

The company said it expected current-quarter revenue to be between $4.09 billion to $4.13 billion and profit to be at least $1.05 per share, missing analysts' average estimate of $1.14 per share on revenue of $4.17 billion, according to Refinitiv data.
The company's reliance on financial services sector has been hurting its overall revenue growth in the past few quarters.
IT services firm Cognizant fourth-quarter forecasts miss estimates
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