Cognizant Technology Solutions sidestepped an uneven spending environment to report first-quarter earnings Monday that beat analyst estimates. The tech consulting and outsourcing services company’s earnings per share minus items rose 14.5% vs. a year earlier to 71 cents. Revenue climbed 20% to $2.91 billion, the second straight quarter of faster growth. Analysts polled by Thomson Reuters had expected EPS of 70 cents and revenue of
Netflix may be the dominant player in the streaming video arena, but Hulu is on an aggressive path to become master of its domain. The site outbid Amazon (AMZN) and Yahoo (YHOO) for “Seinfeld” reruns last week, shelling out a reported $180 million. (Netflix (NFLX) is said to have passed on the 20-year-old sitcom.) Now Hulu is cranking up the publicity machine for the J.J. Abrams-produced “11/22/63,” its most high-profile original
Biotech Gilead Sciences handily beat first-quarter expectations and raised its revenue guidance Thursday, capping off a busy day for big-cap drugmaker earnings. Gilead (GILD) reported earnings minus one-time items of $2.94 a share, up 99% from the year-earlier quarter and beating analysts’ consensus by 62 cents, according to Thomson Reuters. Revenue jumped 52% to $7.59 billion, more than $600 million above Wall Street’s estimate.