Computer Sciences Corp. (CSC) 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.
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