Computer Sciences Corp. (CSC) reported third quarter net income of $1.54 per share Wednesday morning, up from $1.36 in the prior year. The consensus estimate was for EPS of $1.48. The company now expects to report full year 2011 EPS of about $5.20, down from prior guidance of $5.35 to $5.45. The consensus estimate is for EPS of $5.39.
Computer Sciences Corp. gapped open sharply lower Wednesday and has spiked to the downside in early trade. Shares are now down 6.41 at $50.13 on above average volume. The stock has dropped to over a one-month low and has fallen below its 50-day moving average.
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