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CA Beats Estimates

Stock quotes in this article: CA , BMC , EMC , IBM  

SAN FRANCISCO - In a sign of the company's successful turnaround, CA(CA Quote) 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. ...

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