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Computer Sciences Corp. (CSC) Is Sharply Lower On Weak Guidance News

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4/11/2012 9:50 AM ET

Computer Sciences Corp. (CSC: Quote) announced after the bell Tuesday that it now expects to report fourth quarter adjusted net income of $0.19 to $0.21 and between $2.45 and $2.49 for the full year 2012. The consensus estimates are for EPS of $0.97 and $4.30.

Computer Sciences has gapped open sharply lower Wednesday and is now down 2.39 at $25.79. The stock has been declining for the past month and has set over a 2-month low.

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by RTT Staff Writer

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