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Dividend.com: Cautious on CA

Stock quotes in this article: CA , URBN , CCE , WFMI  

CA Profit Beats View, but Revenue Falls 5%

IT management software company CA (CA Quote), formerly known as Computer Associates, said late Wednesday that its fiscal fourth-quarter adjusted profit beat analyst expectations.

The Islandia, New York-based company reported fiscal fourth-quarter net income of $72 million, or 13 cents per share, compared with $71 million, or 13 cents per share, in the year-ago period. Excluding special one-time items, the company earned 31 cents per share.

Revenue dropped 5% from the year-ago period to $1.04 billion.

On average, Wall Street analysts expected earnings of 29 cents per share on revenue of $1.03 billion....

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