reported third-quarter earnings that missed Wall Street expectations, as the strong dollar, severance costs and lower software licensing sales to health care customers led to the shortfall.
The consulting and information technology services company said earnings rose to $122.9 million, or 72 cents a share, before special items. Computer Sciences earned 66 cents a share in the same period last year. Thirteen analysts polled by
First Call/Thomson Financial
were calling for the company to earn 74 cents in the quarter.
Revenue totaled $2.66 billion, a 12.9% increase from $2.36 billion in the year-ago period.
Shares of Computer Sciences, which is based in El Segundo, Calif., fell $2.86, or 4.6%, to close regular
New York Stock Exchange
trading at $59.40.