CA Inc. Shares Rise As Earnings, Outlook Top Street View

By Markets MarketWatch Pulse

CA Inc. shares rose in the extended session Wednesday after the software developer's quarterly results and outlook topped Wall Street expectations. CA shares advanced 4.1% to $31.20 after hours. The company reported adjusted fiscal fourth-quarter earnings of 60 cents a share on revenue of $1.01 billion. Analysts surveyed by FactSet had estimated earnings of 57 cents a share on revenue of $988.3 million. CA expects fiscal 2017 adjusted earnings of $2.51 to $2.56 a share on revenue of $4.04 billion to $4.08 billion. Analysts expect $2.49 a share on revenue of $4.05 billion.

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