Today's Big Gainers: CTSH, HLF, NVMI, VSH
Tuesday, August 03, 2021 3:39 PM

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Shares of Cognizant Technology Solutions Corp. (NASDAQ: CTSH) jumped as much as 11% after the outsourcing firm posted profit that blew past Wall Street's expectations and sharply raised its 2010 forecast. Net income climbed to $172.2 million or 56 cents per share, from $141.3 million or 47 cents per share in the year-ago quarter. On an adjusted basis, the company earned 59 cents per share in the latest quarter. Revenue surged 42% to $1.105 billion from $0.78 billion. Analysts, on average, expected the company to report earnings of 52 cents per share on revenue of $1.02 billion. For fiscal 2010, the company now expects earnings to be at least $2.26 on a GAAP basis, and at least $2.42 on a non-GAAP basis. Previously, the company had forecast GAAP earnings of at least $2.10 and non-GAAP earnings of at least $2.26 per share. Full-year 2010 revenue is now anticipated to be at least $4.46 billion, compared to previous forecast of at least $4.10 billion. Analysts currently expect the company to earn $2.23 per share on revenue of $4.14 billion. 

Herbalife Ltd. (NYSE: HLF) soared more than 12% after the nutritional supplement company reported that its second-quarter profit climbed 68% as sales jumped to a quarterly record, topping analysts' estimates. 

Shares of Nova Measuring Instruments Ltd. (NASDAQ: NVMI) surged more than 23% on Tuesday. The metrology solutions company boosted its full-year forecast after second-quarter profit topped analysts’ estimates.

Vishay Intertechnology Inc (NYSE: VSH) gained more than 3% after the chipmaker said that it swung to a second-quarter profit of $76.7 million, or 40 cents a share. That compares to a loss of $58.9 million, or 32 cents a share, in the year-ago quarter.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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