Cognizant Reports Lower Than Expected Q2 Revenue Outlook and Announces Cost-Cutting Measures
Cognizant Technology (CTSH) shares fell approximately 5% premarket after the company reported a lower-than-expected Q2 revenue outlook and narrowed its full-year revenue forecast. The company also announced a cost-cutting program in response to the weaker-than-anticipated performance.
Tickers: $CTSH
Topics: earnings surprise revenue forecast stock price movement