EDS Reports a Bit Short of Expectations

Electronic Data Systems (EDS) reported fourth quarter revenue of $5.83 billion, with adjusted EPS of 55 cents. That was a bit short of Street expectations of $5.88 billion and 55 cents.

For 2008, the technology services company sees 2% revenue growth, which implies revenue of $22.54 billion, about in line with the Street at $22.59 billion. EDS sees adjusted EPS of $1.35, short of the Street consensus of $1.62.

In after hours trading, EDS is down 82 cents, or 4.2%, at $18.79.