Computer Sciences Q1 Profit Surges; Lifts FY14 EPS Outlook - Quick Facts

(RTTNews) - Computer Sciences Corp. (CSC) reported first-quarter net income attributable to stockholders of $156 million or $1.02 per share, compared to $40 million or $0.26 per share in the previous year period. Profit per share from continuing operations was $0.91, compared to $0.10 per share prior year.

Revenues decreased 10% to $3.26 billion from $3.63 billion last year.

On average, analysts polled by Thomson Reuters expected the company to report profit per share of $0.67, on revenues of $3.57 billion for the quarter. Analysts' estimates typically exclude special items.

The company has raised its fiscal 2014 earnings per share from continuing operations to a range of $3.50 to $3.70 from its previous range of $3.30 to $3.50 per share. Analysts expect the company to report fiscal 2014 profit per share of $3.52.