CA Tech. Profit Tops Estimates; FY Outlook Weak

(RTTNews) - CA Technologies Inc (CA), the maker of IT management software, on Thursday reported fourth-quarter net earnings of $151 million or $0.34 per share compared with $107 million or $0.24 per share last year.

Excluding items, adjusted earnings for the quarter were $0.56 per share compared with $0.62 per share a year ago.

On average, 13 analysts polled by Thomson Reuters estimated earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter slid 6 percent to $1.02 billion from $1.08 billion in the prior year.

Twelve analysts had a consensus revenue estimate of $1.04 billion for the quarter.

For the full year 2016, the company expects adjusted earnings of $2.38 to $2.45 per share on revenues of $3.95 billion to $3.99 billion. Analysts expect earnings of $2.47 per share on revenues of $4.18 billion.