Computer Sciences Corp. (CSC) 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 sharply Tuesday and is currently higher by 3.04 at $44.95 in early trade. The stock has broken out of a 2-week range and has set a new high for the year.
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