EDS Rises 6.7% on Earnings, Positive Outlook
Electronic Data Systems
(EDS)
was up 6.7% in preopen
Instinet
trading.
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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.
