CA (CA) Releases Earnings Results, Beats Expectations By $0.03 EPS

CA (CA) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.61. The company posted revenue of $999.00 million in the period, compared to analysts expectations of $982.31 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.

CA closed down -0.09 points or -0.26% at $34.46 with 37,81,065 shares getting traded on Thursday. Post opening the session at $34.15, the shares hit an intraday low of $33.83 and an intraday high of $34.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 13, 2016, Lauren Patricia Flaherty (EVP, Chief Marketing Officer) sold 182,550 shares at $32.76 per share price. According to the SEC, on Jun 6, 2016, Adam Elster (EVP & GRP EXEC, WW SALES & SER) sold 125,513 shares at $32.45 per share price. On Jun 1, 2016, Jacob Lamm (EVP, STRATEGY & CORPORATE DEV) sold 98,401 shares at $32.04 per share price, according to the Form-4 filing with the securities and exchange commission.

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.


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