Seeking Alpha

Computer Sciences raises guidance, shares +5.6% AH

  • Computer Sciences' (CSC) FY14 (ends March '14) EPS guidance range has been raised by $0.20 to $3.50-$3.70, largely above a consensus of $3.52.
  • FQ1 EPS boosted by restructuring moves. Cost of services -17% Y/Y vs. an 11% Y/Y revenue drop.
  • Free cash flow was still -$9M, though that's better than the year-ago period's -$25M. EBIT margin was 7.4%, up from just 2% a year ago.
  • Cash/equivalents stood at $1.93B at quarter's end.
  • $127M spent on buybacks.
  • FQ1 results, PR

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs