Tech Update
SAN FRANCISCO - In a sign of the company's successful turnaround, CA(CA) beat Wall Street's first-quarter earnings expectations Thursday despite a weak economy.
Revenue at the Islandia, N.Y. software company grew 6% to $1.09 billion, from $1.025 billion in the same quarter of 2007. Analysts polled by Thomson Reuters were looking for a top line of $1.1 billion. The bottom line jumped 55% to $200 million, or 37 cents a share, vs. $129 million, or 24 cents a share, in the year-ago period. Excluding special charges, EPS was 40 cents, five cents ahead of the Street's estimates. Shares in the developer of IT management software were up 48 cents, or 2%, to to $24.50 in extended trading. For the full year, CA reaffirmed guidance for a top line of $4.5 billion to $4.6 billion and EPS, excluding special items, of $1.45 to $1.52. Analysts are projecting revenue of $4.55 billion and EPS of $1.47. The company's operating margin rose 7 percentage points year over year to 28%. Excluding charges, the operating margin was 31%, a 6-point gain. Under new leadership, the company has come back from prior internal mismanagement, including fraud. CA competes with BMC Software(BMC), EMC(EMC) and IBM(IBM).TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet