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CA Technologies Q1 Profit Declines; Adjusted EPS Beats Estimates(dpa-AFX International Compact Via Acquire Media NewsEdge) ISLANDIA (dpa-AFX) - Software maker CA Technologies (CA) reported first-quarter net income of $217 million or $0.49 per share, down from $335 million or $0.73 per share in the previous year. Adjusted earnings from continuing operations were $0.65 per share, down from $0.76 per share in the comparable quarter last year. On average, eleven analysts polled by Thomson Reuters expected the company to earn $0.60 per share for the quarter. Analysts' estimates typically exclude special items. Total revenues for the quarter declined to $1.07 billion from $1.10 billion a year ago. Analysts estimated revenues of $1.09 billion for the quarter. For fiscal 2015, the company expects GAAP earnings in the range of $1.77 to $1.84 per share, non-GAAP earnings from continuing operations in the range of $2.42 to $2.49 per share and total revenues between $4.34 billion and $4.40 billion. CA said its guidance takes into account the effect of the definitive agreement to divest its arcserve data protection business, which is classified as a discontinued operation. Copyright RTT News/dpa-AFX |