Computer Sciences Corp. Announces 11% Gain In Q2 Earnings

(RTTNews) - Computer Sciences Corp. (CSC) reported a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line climbed to $167 million, or $1.19 per share. This was higher than $151 million, or $1.18 per share, in last year's second quarter.

Analysts had expected the company to earn $1.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.0% to $2.71 billion. This was down from $3.08 billion last year.

Computer Sciences Corp. earnings at a glance:

-Earnings (Q2): $167 Mln. vs. $151 Mln. last year. -Earnings Growth (Y-o-Y): 10.6% -EPS (Q2): $1.19 vs. $1.18 last year. -EPS Growth (Y-o-Y): 0.8% -Analysts Estimate: $1.14 -Revenue (Q2): $2.71 Bln vs. $3.08 Bln last year. -Revenue Change (Y-o-Y): -12.0%

-Guidance: Full year EPS guidance: $4.75 - $5.05