CA Technologies Q2 Adj. Profit Tops View; Lifts FY14 Outlook - Quick Facts

(RTTNews) - CA Technologies (CA) Wednesday reported second-quarter net income of $240 million or $0.53 per share, compared to $222 million or $0.48 per share in the comparable quarter last year.

Adjusted net income for the quarter was $390 million or $0.86 per share, up from $272 million or $0.59 per share last year. Analysts polled by Thomson Reuters expected the company to earn $0.73 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter dropped 1 percent to $1.14 billion from $1.15 billion last year, while eleven analysts estimated revenues of $1.10 billion for the quarter.

Looking forward to the fiscal year 2014, the company now expects earnings of $1.92 to $1.98 per share, adjusted earnings of $2.96 to $3.03 per share and revenues of $4.47 billion to $4.52 billion.

Earlier, the company expected earnings of $1.81 to $1.91 per share, adjusted earnings of $2.90 to $3.00 per share and revenues of $4.39 billion to $4.48 billion.

Analysts currently estimate earnings of $2.97 per share on revenues of $4.46 billion for the year.