Market News

May 8, 2013  Wed 7:31 AM CT

European Demand Helps Outsourcing Giant

Cognizant Technology earned $1.02 a share in the first quarter on revenue of $2.02 billion. That beat the respective consensus forecasts of $0.93 and $2.01 billion. CTSH, which had bullish call buying recently, is up 4 percent before the bell on my tradeMONSTER platform.

Whole Foods Beats, Raises Guidance

Whole Foods Market reported second-quarter net income of $0.76 a share, beating the $0.73 average analyst forecast. Management also raised guidance as same-store sales rose 6.9 percent. WFM is up 8 percent in the premarket.

ValueClick Hurt by Weak Revenue

ValueClick's first-quarter revenue totaled just $165.4 million, while analysts had expected $166.7 million. The online marketing company also said the top-line will be no more than $168 million in the current quarter, also below the $175.6 million consensus number. VCLK drops 20 percent in early trading.

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