CA Technologies Earnings: Here’s Why Investors are Selling Shares Now
CA Technologies (NASDAQ:CA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.57%.
CA Technologies Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.43% to $0.68 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Decreased 3.11% to $1.15 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CA Technologies reported adjusted EPS income of $0.68 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $1.14 billion.
Quoting Management: “While we were able to achieve GAAP and non-GAAP diluted earnings growth for the year, we know we can do better to drive new sales and revenue performance,” said Mike Gregoire, CA Technologies chief executive officer. “When I look at the significant assets at CA Technologies, I believe there is an opportunity for us to improve our performance by stronger focus on product innovation, leveraging customer relationships and better execution in new customer adoption.”
Key Stats (on next page)…