CA Tech. Profit Rises Despite Lower Revenue - Quick Facts

(RTTNews) - Software company CA Technologies Inc (CA) Wednesday reported second-quarter net earnings of $256 million or $0.58 per share compared with $240 million or $0.53 per share last year.

Excluding items, adjusted earnings for the quarter were $0.65 per share compared with $0.83 per share a year ago.

Revenues for the quarter were $1.08 billion compared with $1.1 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.62 per share on revenues of $1.09 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now expects adjusted earnings to decline in a range of minus 20 percent to minus 18 percent in constant currency, from prior guidance of minus 21 to minus 19 percent in constant currency. At September 30 exchange rates, this translates to adjusted earnings of $2.40 to $2.47 per share.

Total revenues for the year is still expected to decrease in a range of minus 2 percent to minus 1 percent in constant currency. At September 30, 2014 exchange rates, this translates to revenues of $4.27 billion to $4.33 billion.

In its July guidance, the company had forecast full-year adjusted earnings of $2.42 to $2.49 per share and revenues of $4.34 billion to $4.40 billion.

Analysts currently expect earnings of $2.46 per share on revenue of $4.37 billion for the year.