EDS Rises 6.7% on Earnings, Positive Outlook

Electronic Data Systems

(EDS)

was up 6.7% in preopen

Instinet

trading.

After the close Wednesday, the information services company

posted fourth-quarter earnings excluding items of 70 cents per share, beating the Street's estimate of 68 cents and the year-ago 61 cents. The company also said it expects to meet estimates this year.

Lehman Brothers

upgraded EDS to buy from market perform.

Credit Suisse First Boston

raised it to strong buy from buy.