10:45 AM New York – BroadSoft first quarter net plunged 54% to $1.7 million. EchoStar first quarter net surged more then six folds to $127 million. Frontier Communications first quarter net tumbled 51% to $26.8 million. HollyFrontier first quarter net surged 185% to $241.7 million. Towers Watson third quarter net slipped 1.4% to $68.2 million.

Earnings Review

BroadSoft, Inc. (BSFT), the voice and multimedia software provider reported first quarter total revenue surged 29% to $38.3 million from $29.7 million in the same quarter last year. Net income in the quarter plunged 54% to $1.7 million or 6 cents per diluted share compared to $3.7 million or 13 cents per share in the year ago earlier.

Cognizant Technology Solutions Corporation (CTSH), the enterprise software maker reported first quarter revenue soared 25% to $1.71 billion from $1.37 billion in the same quarter last year. Net income in the quarter increased 17% to $243.7 million or 79 cents per diluted share compared to $208.3 million or 67 cents per share in the year ago earlier.

Second quarter revenue anticipated to be about $1.79 billion and earnings to be $0.80. Fiscal 2012 revenue expected to be increased approx 20% to $7.34 billion and earnings to be about $3.36. The company also expands share repurchase program from $600 million to $1 billion

CVR Energy, Inc. (CVI), the oil refiner said Carl Icahn won the tender offer to acquire the company’s common stock for $30 per share in cash valued $2.6 billion.

DISH Network Corporation (DISH), the pay television service provider reported first quarter total revenue grew 11% to $3.58 billion from $3.22 billion in the same quarter last year. Net income in the quarter declined 34% to $360.3 million or 80 cents per diluted share compared to $549.4 million or $1.22 per share in the year ago.

The company gained 104,000 net subscribers during the quarter from 58,000 in the year ago and with this quarter subscribers reached to 14.07 million.

EchoStar Corporation (SATS), the digital set-top box maker reported first quarter total revenue surged 59% to $765 million from $480 million in the same quarter last year. Net income in the quarter surged more then six folds to $127 million or $1.45 per diluted share compared to $17 million or 19 cents per share in the year ago earlier.

Frontier Communications Corporation (FTR), the communications company reported first quarter revenue fell 5.2% to $1.28 billion from $1.35 billion in the same quarter last year. Net income in the quarter plunged 51% to $26.8 million or 3 cents per diluted share compared to $54.7 million or 5 cents per share in the year ago quarter.

HollyFrontier Corporation (HFC), the petroleum refiner reported first quarter revenue soared 112% to $4.93 billion from $2.33 billion in the same quarter last year. Net income in the quarter surged 185% to $241.7 million or $1.16 per diluted share compared to $84.7 million or 79 cents per share in the year ago.

LIN TV Corp. (TVL), the local television and media company agreed to acquire local broadcast television assets including 13 network affiliates from New Vision Television for $330.4 million. The company expects to close the acquisition in late 2012.

Sysco Corporation (SYY), the grocery retailer reported third quarter sales increased 7.6% to $10.5 billion from $9.8 billion in the same quarter last year. Net earnings in the quarter rose 0.4% to $259.6 million or 44 cents per diluted share compared to $258.5 million or 44 cents per share in the year ago.

Towers Watson & Co. (TW), the professional service provider reported third quarter sales rose 4% to $902 million from $866 million in the same quarter last year. Net income in the quarter fell 1.4% to $68.2 million or 95 cents per diluted share compared to $69.2 million or 94 cents per share in the year ago period.

The company expects revenues for the fiscal 2012 to be about $3.45 billion and adjusted earnings per share in the range of $5.14 to $5.19.

Tyson Foods, Inc. (TSN), the food production company reported second quarter sales rose 4% to $8.3 billion from $8.0 billion in the same quarter last year. Net income in the quarter increased 4.4% to $166 million or 44 cents per diluted share compared to $159 million or 42 cents per share in the year ago earlier.