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CA: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ CA Inc. (CA) on Tuesday reported fiscal fourth-quarter net income of $207 million.

On a per-share basis, the New York-based company said it had net income of 49 cents. Earnings, adjusted for one-time gains and costs, were 62 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The maker of IT management software for companies posted revenue of $1.08 billion in the period, meeting Street forecasts.

For the year, the company reported profit of $476 million, or $1.13 per share. Revenue was reported as $4.24 billion.

CA expects full-year earnings in the range of $2.75 to $2.81 per share, with revenue in the range of $4.25 billion to $4.29 billion.

CA shares have risen roughly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Tuesday, shares hit $34.56, a rise of nearly 7 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CA at https://www.zacks.com/ap/CA