Enbridge (NYSE:ENB) Quarterly Profit Falls on Oil Spill in Michigan, Cognizant Technology (NASDAQ:CTSH) Quarterly Earnings Rises, Increases Repurchase Plan

imagesCanadian pipeline operator Enbridge Inc. (NYSE:ENB) announced that its first-quarter profit moved lower 4%, weighed down partly by further costs associated to a 2010 oil leakage in Michigan.

The Calgary, Alberta-located firm, which also reported on Wednesday that it would buy US$1.2 billion of preferred units in its Enbridge Energy Partners LP affiliate, topped expert predictions in the revent quarter on an adjusted basis.

Enbridge reported it earned 250 million Canadian dollars ($249 million), or 31 Canadian cents a share, down from C$261 million, or 34 Canadian cents a year ago.

At the current trading session, Enbridge Inc (USA) (NYSE:ENB) shares are up +1.01% to $47.81 while the stocks are trading within the range of $47.50 – $47.82. In the past year, the stock has traded within a range of $37.43 – $48.41. The current session’s volume of 139,241.00 shares is lower from their average daily trading volume of 900,483.00 shares.

Cognizant Technology Solutions Corp.’s (NASDAQ:CTSH) reported that its first-quarter earnings jumped up 17% among a double-digit percentage increase in revenue.

Results topped the company’s predictions, and Cognizant (CTSH) also increased its share repurchase plan by $500 million to $1.5 billion. Year-to-date, Cognizant has repurchased $74 million of its shares.

Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares are up +4.50% to $67.80 while the stock is trading within the range of $65.16 – $68.06 in the current trading session. In the last 12 months the shares have traded between $53.92and $81.08. The current session’s volume of 2.64million shares is lower from their average daily trading volume of 4.19 million shares.

DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL

This entry was posted in Latest Headlines and tagged , , , , , . Bookmark the permalink.