CA Technologies Announces 10% Drop In Q3 Earnings

(RTTNews) - CA Technologies (CA) reported a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $268 million, or $0.63 per share. This was lower than $297 million, or $0.67 per share, in last year's third quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.5% to $1.03 billion. This was down from $1.09 billion last year.

CA Technologies earnings at a glance:

-Earnings (Q3): $268 Mln. vs. $297 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q3): $0.63 vs. $0.67 last year. -EPS Decline (Y-o-Y): -6.0% -Analysts Estimate: $0.58 -Revenue (Q3): $1.03 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): -5.5%

-Guidance: Full year EPS guidance: $2.39 - $2.45 Full year revenue guidance: $3.99 - $4.03 Bln