CA Technologies Q4 Profit Falls - Quick Facts

(RTTNews) - Software maker CA Technologies (CA) Thursday reported fourth-quarter net income of $107 million or $0.24 per share, down from $242 million or $0.53 per share in the previous year.

Adjusted earnings from continuing operations were $0.61, while the company posted $0.67 per share last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter declined 3% to $1.11 billion from $1.14 billion a year ago. Analysts estimated revenues of $1.09 billion for the quarter.

For fiscal 2015, the company expects GAAP earnings per share to be in the range of $1.79 to $1.86. Non-GAAP earnings per share from continuing operations are expected to be $2.45 to $2.52 per share.

Total revenues for the fiscal are anticipated to be between $4.43 billion and $4.49 billion. Street analysts expect the company to report earnings of $2.56 per share, on revenues of $4.47 billion for the year.

On May 14, the company's Board of Directors approved a stock repurchase program that authorized the company to acquire up to $1 billion of its common stock.