Computer Sciences Corp. (CSC) reported fourth-quarter net income attributable to stockholders of $281 million or $1.81 per share, compared to a loss of $158 million or $1.02 per share prior year. Profit per share from continuing operations was $1.57, compared to a loss of $1.20 per share prior year.
Adjusted profit per share from continuing operations was $1.27 for the quarter. Revenues decreased to $3.70 billion from $3.99 billion last year.
On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.99 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $3.86 billion for the quarter.
The company has raised its outlook for fiscal 2014 proit per share from continuing operations to a range of $3.30 to $3.50. Analysts expect the company to report fiscal 2014 profit per share of $3.45.
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