CSC Q1 Profit Plummets - Quick Facts

CSC Posts Profit In Q4 Despite Revenue Fall; Boosts Full Year EPS View

Computer Sciences Turns To Profit In Q4 - Quick Facts

Computer Sciences Corp. Q4 13 Earnings Conference Call At 11:00 AM ET

Trade CSC now with

8/8/2012 8:13 AM ET

Computer Sciences Corp. (CSC: Quote) posted a plunge in first-quarter net income attributable to common shareholders to $40 million or $0.26 per share, from $183 million or $1.17 per share in the prior-year quarter.

Revenues totaled $3.96 billion, down from $4.03 billion in the earlier year period, a 2% decrease on a reported basis, while it improved by 0.7% in constant currency compared with last year, the company said.

On average,12 analysts polled by Thomson Reuters expected earnings per share of $0.22 on revenue of $3.89 billion for the quarter. Analysts' estimates typically exclude one-time items.

Click here to receive FREE breaking news email alerts for Computer Sciences Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 98 Articles

Editors Pick

U.S. Weekly Jobless Claims Move Back To The Downside

First-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th, according to a report released by the Labor Department on Thursday. The report showed that initial jobless claims fell to 340,000, a decrease of 23,000 from the previous week's revised figure of 363,000.

Stock Futures Pointing To Sharply Lower Open On Wall Street - U.S. Commentary

After moving notably lower over the course of the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 123 points.

U.K. Economy Dodges Recession In Q1 On Inventories

The U.K. economy avoided recession in the first quarter as initially estimated, but the detailed breakdown of gross domestic product highlighted major contribution coming only from built up stocks of companies. Gross domestic product grew 0.3 percent sequentially in the first quarter, offsetting the last quarter's 0.3 percent fall, second estimates from the Office for National Statistics showed.