EDS Beats Expectations by 2 Cents
Electronic Data Systems
(EDS)
reported fourth-quarter earnings this afternoon that beat Wall Street's slightly lowered estimates by 2 cents.
For the fourth quarter ended Dec. 31, EDS earned 70 cents a diluted share, excluding items. The company earned 61 cents a share in the year-ago period. Sixteen analysts surveyed by
First Call/Thomson Financial
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expected the company, which is based in Plano, Texas, to report earnings of 68 cents a share.
The computer services provider also reported fourth-quarter revenue of $5.2 billion, up from $4.9 billion in the same quarter one year ago.
Yesterday, the company named William M. Daley, the former Secretary of Commerce under President Clinton and chairman of the Gore-Lieberman presidential ticket, to its board. He fills the seat vacated by current Vice President Dick Cheney.
Shares of EDS closed at $56.90 on the
New York Stock Exchange
today.
