10:45 AM New York – Cognizant second quarter net surged 73% to $251.9 million. Cinemark second quarter net soared 20% to $51.6 million. HCA Holdings second quarter net climbed 70.7% to $391 million. The AES second quarter net slid 19.5% to $140 million. Tesco second quarter net declined 21.6% to $13.1 million.

Earnings Review

Best Buy Co., Inc. (BBY), the consumer goods retailer founder Richard Schulze offered to take the company private. Schulze currently holds 20% stake in the retailer and proposed to acquire all the remaining stock for $24 to $26 per share in cash which represent a 36% to 47% premium of closing price of $17.64 on Friday.

Blue Nile, Inc. (NILE) increased 2.4% or 78 cents to $32.78 after the online jewlery retailer on Friday reported net sales in the fourth quarter ending on July 1 surged 13% to $91 million compared to $81 million in the same period of last year. Net income in the quarter plunged 44.4% to $1.58 million or 11 cents per diluted share compared to of $2.84 million or 19 cents per share a year ago period.

Stocks surged 33% on Friday after the earnings and extended gains today by 2.4%.

Cognizant Technology Solutions (CTSH), the outsourcing service provider reported revenue in the second quarter ending in June soared 20.9% to $1.80 billion compared to $1.49 billion in the same period of last year. Net income in the quarter surged to $251.9 million or 82 cents per diluted share compared to $208 million or 67 cents a share a year ago quarter.

The company anticipated third quarter revenue to be at least $1.875 billion and expected earnings per share to be between 86 cents and 92 cents. Revenue for the fiscal 2012 are expected to be about $7.34 billion and above 20% compared to year ago and earnings per share to be at least $3.38 and $3.64.

Cinemark Holdings, Inc. (CNK), the motion picture theater chain operator reported revenues in the second quarter ending in June grew 10% to $649.6 million compared to $620.6 million in the same period of last year. Net earnings in the quarter soared 20% to $51.6 million or 45 cents per diluted share compared to $40.4 million or 35 cents per share a year ago period.

Dril-Quip, Inc. (DRQ), the drilling equipments maker reported revenues in the second quarter ending in June climbed 27% to $135.2 million compared to $106.6 million in the same period of last year. Net income in the quarter jumped 34.2% to $29.8 million or 74 cents per diluted share compared to $22.2 million or 55 cents per share a year ago quarter.

The equipments maker raised its full year earnings per share to be in the range of $2.75 to $2.95 from previous guidance of $2.60 to $2.80 per share.

HCA Holdings, Inc. (HCA), the hospital operator reported revenues in the second quarter ending in June increased 11.9% to $8.11 billion compared to $7.25 billion in the same period of last year. Net income in the quarter soared 70.7% to $391 million or 85 cents per diluted share compared to $229 million or 43 cents per share a year ago.

HCA estimated revenues for the fiscal year between $32 billion and $33 billion and adjusted earnings per share in the range of $3.57 to $3.77 from previous guidance.

Health Care REIT, Inc. (HCN), the real estate investment company reported revenues in the second quarter ending in June increased 22.6% to $453.1 million compared to $369.6 million in the same period of last year. Net income in the quarter declined 21.6% to $54.7 million or 25 cents per diluted share compared to $69.8 million or 39 cents per share a year ago earlier.

The AES Corporation (AES), the electricity provider reported total revenue in the second quarter ending in June slid 5.6% to $4.19 billion compared to $4.44 billion in the same period of last year. Net income in the quarter dropped 19.5% to $140 million or 18 cents per diluted share compared to $174 million or 22 cents per share a year ago.

The AES reaffirmed its full-year earnings from continuing operations outlook range of $1.22 to $1.30 per share.

Tyson Foods, Inc. (TSN), the meat processor reported sales in the third quarter ending in June rose 0.7% to $8.31 billion compared to $8.25 billion in the same period of last year. Net income in the quarter declined 61.2% to $76 million or 21 cents per diluted share compared to $196 million or 51 cents per share a year ago period.

Tyson lowered fiscal 2012 revenues by $1 billion to $33 billion.

Tesco Corporation (TESO), the oil well service provider reported revenues in the second quarter ending in June increased 22.6% to $136.7 million compared to $117.3 million in the same period of last year. Net income in the quarter declined 21.6% to $13.1 million or 34 cents per diluted share compared to $7.4 million or 19 cents per share a year ago earlier.