CA Shares Up After Upbeat Outlook -- Market Mover
31 January 2018 - 10:34AM
Dow Jones News
Cybersecurity software firm CA Inc. shares climbed 4.6% to
$37.20 after hours as the company reported higher-than-expected
sales and profit for its third quarter. CA also provided an upbeat
outlook for the year, predicting adjusted earnings per share of
$2.54 to $2.60, compared with the $2.45-a-share consensus estimate.
In the quarter CA was hit by a hefty charge related to the new tax
legislation. In all the company reported adjusted earnings per
share of 75 cents -- bolstered by a 9-cent gain on tax-related
items -- on $1.09 billion in sales, compared with estimates of CA
earning 60 cents a share on $1.07 billion in sales.
(imani.moise@wsj.com; @moisenoise)
(END) Dow Jones Newswires
January 30, 2018 18:19 ET (23:19 GMT)
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