CA up 3.27 to $25.27
Software maker CA Inc. (CA) said fiscal third-quarter net income tripled, aided by cost-cutting and a lower restructuring charge compared with a year earlier. The maker of business and data-management software formerly called Computer Associates also raised its full-year 2008 forecast.
Excluding items, the company reported earnings of 36 cents a share from continuing operations, compared with 24 cents a year earlier. Revenue rose 9.8% to $1.1 billion from $1 billion.
Analysts polled by Thomson Financial had expected the Islandia, N.Y., company to post earnings, excluding items, of 25 cents a share on revenue of $1.05 billion.
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