Cognizant Technology Solutions, (CTSH: chart), said that on a non-GAAP basis, excluding stock option expensing, the company reported a profit of 36 cents a share in Q1. The company added it saw escalating demand for its integrated services in the quarter.. Cognizant expects non-GAAP earnings of 36 cents a share for Q2 on revenue of at least $317 million. For the full year, the company expects non-GAAP earnings of $1.52 a share on revenue of at least $1.3 billion. It expects total headcount to be more than 35,000 by the end of the year.

Sinclair Broadcasting Group, (SBGI: chart), TV broadcaster, reported Q1 earnings of 13 cents a share, up from earnings of 10 cents a share in the year-ago period. If not for discontinued operations, earnings would have been 10 cents a share. Revenue dropped to $163.5 million from $163.9 million last year, as a rise in net station broadcast revenue offset declines in revenue realized from station barter arrangements and other operating divisions. The company guides Q2 net broadcast revenue to be flat to up 2% from year-ago levels.

Dominion Resources, (D)), energy producer, reported Q1 earnings of $1.53 a share, up from a profit of $1.25 a share a year-ago. On an operating basis, aside from certain charges, the company earned $1.63 a share, up from a year-ago equivalent profit of $1.44 a share. Revenue advanced to $4.96 billion from $4.74 billion in the same period a year ago. The company topped analyst estimate for a profit of $1.49 a share. The Dominion added that the latest results beat its internal expectations owing to higher than expected oil production in the Gulf of Mexico. Dominion affirmed its outlook for operating earnings of $5.05 to $5.25 a share for the full year.

Clear Channel Communications, (CCU: chart), broadcasting and advertising company, reported Q1 profit advanced to 19 cents a share, from 9 cents a share. If not for gains, the company earned 14 cents a share, up from 12 cents a share on revenue growth, beating analyst estimate for earnings of 13 cents a share. Clear Channel announced that it is optimistic about its outlook for the rest of the year.

Aquila Inc., (ILA: chart), electric and natural gas transmission company, reported a Q1 loss of $1.1 million, breakeven on a per share basis, vs. earnings of $700,000, or 2 cents a share in the year-ago period despite revenue growth. Natural-gas operations sales rose to $263 million from $231.5 million.

Panera Bread Co, (PNRA: chart), food company, reported that system-wide sales at bakeries rose 2.8% for April period. Company-owned same-bakery sales advanced 3.1%, while franchise-operated sales increased 2.7%. Panera added that the shift of the Easter holiday into April damaged same-bakery sales in the period by 1.5% to 2%, as normal operating hours are reduced on Easter.

Cincinnati Financial Corp, (CINF: chart), insurance company, reported Q1 net income quadrupled to $3.13 a share, from 81 cents a share in the year-earlier period. Operating income dropped to 74 cents a share from 78 cents a share in the year-earlier period, while revenue advanced 75% on strong property casualty insurance underwriting performance and higher investment income. The company beat analysts’ forecast for earnings of 67 cents a share.