CA Technologies Earnings: Here’s Why Investors are Selling Shares Now

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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%.

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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.”

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