RTTNews | Feb 3, 2021 04:06PM EST

16:05 Wednesday, February 3, 2021 (RTTNews.com) - Cognizant Technology Solutions Corp. (CTSH) released earnings for fourth quarter that fell from the same period last year.

The company's earnings came in at $316 million, or $0.59 per share. This compares with $395 million, or $0.72 per share, in last year's fourth quarter.

Excluding items, Cognizant Technology Solutions Corp. reported adjusted earnings of $516 million or $0.67 per share for the period.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.3% to $4.18 billion from $4.28 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance:

-Earnings (Q4): $516 Mln. vs. $727 Mln. last year.-EPS (Q4): $0.67 vs. $1.07 last year.-Analysts Estimate: $0.90-Revenue (Q4): $4.18 Bln vs. $4.28 Bln last year.

-Guidance:Next quarter revenue guidance: $4.34 - $4.38 Bln

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