COMPUTER SCIENCES CORP EARNINGS: A SWING TO A LOSS THAT STILL BEAT EXPECTATIONS
S&P 500 member Computer Sciences Corporation forsaken to a third entertain loss, though results surfaced expectations. Computer Sciences Corporation offers information technology and veteran services to blurb and supervision markets, specializing in the focus of formidable IT problems.
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Computer Earnings Cheat Sheet for the Third Quarter
Results: Reported a detriment of $1.39 billion ($8.96 per widely separated share) in the quarter. The information technology services association had net income of $242 million or $1.54 per share in the year progressing quarter.
Revenue: Fell 5.8% to $3.76 billion from the year progressing quarter.
Actual vs. Wall St. Expectations: Computer Sciences Corporation reported practiced net income of $1.35 per share. By that measure, the association kick the meant guess of 57 cents per share. It fell reduced of the normal income guess of $3.98 billion.
Quoting Management: “I am speedy by our one after another success in capturing new business, our clever money generation, and the consecutive alleviation in MSS handling margin,” pronounced Michael W. Laphen, CSC Chairman, President and Chief Executive Officer. “Notwithstanding the NHS charge, discussions go on toward defining a module range and a marketplace intensity that builds on our accomplishments to date.”
Key Stats:
The association has right away knocked about estimates the final two quarters. In the second quarter, it surfaced expectations with net income of 94 cents contra a meant guess of net income of 68 cents per share.
Looking Forward: Over the past ninety days, the normal guess for the fourth entertain has depressed from $1.43 per share to $1.14, indicating that analysts are flourishing pessisimistic about the company’s opening subsequent quarter. The normal guess for the mercantile year is $3.68 per share, down from $4.34 ninety days ago.
(Company fundamentals supposing by Xignite Financials. Earnings estimates supposing by Zacks)
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To contact the contributor on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor obliged for this story: Damien Hoffman at editors@wallstcheatsheet.com
S&P 500 member Computer Sciences Corporation forsaken to a third entertain loss, though results surfaced expectations. Computer Sciences Corporation offers information technology and veteran services to blurb and supervision markets, specializing in the focus of formidable IT problems.
Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?
Computer Earnings Cheat Sheet for the Third Quarter
Results: Reported a detriment of $1.39 billion ($8.96 per widely separated share) in the quarter. The information technology services association had net income of $242 million or $1.54 per share in the year progressing quarter.
Revenue: Fell 5.8% to $3.76 billion from the year progressing quarter.
Actual vs. Wall St. Expectations: Computer Sciences Corporation reported practiced net income of $1.35 per share. By that measure, the association kick the meant guess of 57 cents per share. It fell reduced of the normal income guess of $3.98 billion.
Quoting Management: “I am speedy by our one after another success in capturing new business, our clever money generation, and the consecutive alleviation in MSS handling margin,” pronounced Michael W. Laphen, CSC Chairman, President and Chief Executive Officer. “Notwithstanding the NHS charge, discussions go on toward defining a module range and a marketplace intensity that builds on our accomplishments to date.”
Key Stats:
The association has right away knocked about estimates the final two quarters. In the second quarter, it surfaced expectations with net income of 94 cents contra a meant guess of net income of 68 cents per share.
Looking Forward: Over the past ninety days, the normal guess for the fourth entertain has depressed from $1.43 per share to $1.14, indicating that analysts are flourishing pessisimistic about the company’s opening subsequent quarter. The normal guess for the mercantile year is $3.68 per share, down from $4.34 ninety days ago.
(Company fundamentals supposing by Xignite Financials. Earnings estimates supposing by Zacks)
Don’t Miss These Additional Hot Stories:
Investors Wake Up to the Return of Dividends
Precious Metals Remain Strong as Greece Nears Deadline
To contact the contributor on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor obliged for this story: Damien Hoffman at editors@wallstcheatsheet.com