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EDS Tops Estimates, but Stock Slips

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Electronic Data Systems


surpassed Wall Street's consensus fourth-quarter earnings estimate Thursday, and the company said revenue rose to $5.91 billion from $5.20 billion in the same period the prior fiscal year.

Net income totaled $405 million, or 82 cents a share, up from $321 million, or 68 cents a share, in the year-ago period. Excluding certain items, the company earned 81 cents, 2 cents ahead of analysts' expectations.

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Shares of EDS ended regular trading down $1.45, or 2.4%, to $59. In Instinet action after the close, the stock lost another 4.2% to $56.50.