Computer Sciences Corp. (CSC: Quote) reported third quarter adjusted EPS of $0.64 Tuesday morning, down from $0.78 in the prior year period. The consensus estimate was for EPS of $0.58. The company also increased its full year 2013 EPS forecast to between $2.50 and $2.70, from prior expectations of $2.30 to $2.50. The consensus estimate is for EPS of $2.37.
Computer Sciences gapped up Tuesday and rose steadily until around mid-morning, before settling into a range. Shares finished up by 3.84 at $45.75, with volume at a 3-month high. The stock surged past the upper end of a 2-week range and set a new high for the year.
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