Analysts at Imperial Capital initiates coverage of Delta Air Lines (NYSE : DAL) with an OUTPERFORM rating. The 12-month target price is set to $21. In a research note published today, the analysts mention that DAL’s target price is based on around 7x from the  EPS of $2.83 against the consensus of $2.39. However, less expensive fuel and tight capacity raised the optimism, hence the consensus estimates were too low, the analysts add.

Original Source : Latest Stock News
 
Today, Cognizant Technology Solutions Corp (NASDAQ : CTSH) the IT, consulting and BPO services provider, reported a higher Q1 profit, chiefly aided by a revenue surge in all region and segments.

Cognizant's net income grew from last year's $208.33 million or $0.67 per share to $243.65 million or $0.79 per share, in-line with analysts' expectations from  A. On average analysts' expected earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenue jumped 24.8 percent from $1.37 billion in the previous year  to $1.71 billion last year. It was in-line with  analysts' consensus estimate.

Going forward,  to the second quarter of 2012, the company expects earnings per share to be $0.80, with revenue anticipated to be at least $1.79 billion. Analysts project earnings of $0.83 per share on $1.84 billion revenue for the quarter. The company also announced an additional $400 million share buyback program.

Original Source : Financial News

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On Wednesday, a court in Mannheim, Germany ruled   that  Microsoft (NASDAQ : MSFT) violated  Motorola Mobility's patents, ordering the  software giant  to withdraw its Xbox 360 gaming consoles and Windows 7 operating system software from the German market. The court agreed with  Motorola's allegations of Microsoft  using its certain video-compression software in products like Windows 7 and Xbox, in a clear breach of  agreement.

The Mannheim case is latest in a series of multi-billion war being fought in court and outside by big names in smart phone manufacturing like Apple, Microsoft and Samsung which runs on Google's Android software.

However, the ruling will have little impact on Microsoft's European operations as the company  is  already in the process of  moving its European software distribution center to the Netherlands anticipating adverse judgments.

Original Source: Live Stock Market

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