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CA's Forecast Boosts Shares

Stock quotes in this article: CA , BMC , IBM  

SAN FRANCISCO -- CA(CA Quote) missed fourth-quarter earnings expectations despite swinging to a profit, but issued full-year guidance that topped the Street's view.

The Islandia, N.Y. software and business services company posted revenue $1.09 billion, up 8% from $1.01 billion for the same quarter of 2007. The consensus estimate of analysts was $1.09 billion, according to Thomson Reuters.

Net income was $71 million, or 13 cents a share, vs. a loss of $20 million, or 4 cents a share, in the year-ago period.

Excluding special items, EPS was 22 cents. Analysts were looking for 28 cents. ...

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