Computer Sciences said that revenue fell 8.7% year over year to $2.95 billion in the fiscal third quarter, below analysts' estimates of $3.18 billion. The company reported earnings of $1.18 a share for the third quarter, above analysts' estimates of $1.12 a share for the quarter.
Revenue from the Global Business Services fell to $935 million in the fiscal third quarter, down from $1.093 billion in the year-ago quarter. The decrease in segment revenue was due to "the ongoing repositioning of the consulting business and contract completions," according to the company.
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TheStreet Ratings team rates COMPUTER SCIENCES CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate COMPUTER SCIENCES CORP (CSC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: CSC Ratings Report< CSC data by YCharts