ADVFN - Advanced Financial Network.
HOME» NYSE » C » CSC Stock Price » CSC Stock News

Computer Sciences Share News

 Computer Sciences Corp. Stock Price
CSC Stock Price
 Computer Sciences Corp. Stock Chart
CSC Stock Chart
 Computer Sciences Corp. Stock News
CSC Stock News
 Computer Sciences Corp. Company Information
CSC Company Information
 Computer Sciences Corp. Stock Trades
CSC Stock Trades

Computer Sciences Cuts 2011 Outlook Again On UK Government Deal

DOW JONES NEWSWIRES Computer Sciences Corp. (CSC) lowered its outlook for the year again as it integrated the anticipated effects from a memorandum of understanding it expects to reach with the U.K. National Health Service. Shares in the provider of information-technology services fell 9% to $45.99 after hours. Through the close, the stock had fallen 3.5% over the 52 weeks. "After several months of detailed discussions we're now in the final stages of concluding this agreement and moving on to a new era of certainty and partnership with the U.K. government," Chairman and Chief Executive Michael W. Laphen. He said the company would help the U.K. "deliver more efficient and secure public services." The company cut its earnings target to $4.75 a share from February's $5.20 a share because of a reduction in contract profit. It lowered its revenue outlook to $16.1 billion from $16.2 billion. Computer Sciences said the guidance reductions were driven by the anticipated memorandum, as well as a related milestone revenue shift and a slightly higher tax rate. Its February guidance excluded any effects from the National Health memorandum discussions. That guidance itself was a reduction because of a slowdown in government contracts. Previously, the Virginia-based company has benefited from increased IT outsourcing, but its reliance on government contracting has hurt it lately because of delays in award decisions by the U.S. federal government. In its latest quarterly results, Computer Sciences Corp.'s earnings rose 15% on a tax benefit. --By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;

Stock News for Computer Sciences (CSC)
02/04/201616:30:00CACI Taking a Break From Deals
02/02/201615:00:00CSC Position Paper Guides Insurers on the Challenges and Benefits...
02/02/201608:30:00CSC to Report Third Quarter 2016 Results on Tuesday, February...
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/28/201616:06:00Statement of Changes in Beneficial Ownership (4)
01/27/201609:01:00CSC Receives XCelent Award for EMEA Policy Administration System
01/27/201609:00:00Gartner Positions CSC in the ‘Leaders’ Quadrant of the 2015 Mag...
01/26/201608:22:44Amended Statement of Ownership (sc 13g/a)
01/25/201615:00:00CSC CTO Position Paper Series Explores the Digital Enterprise...
01/21/201616:19:23Current Report Filing (8-k)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/20/201616:47:30Statement of Changes in Beneficial Ownership (4)
01/15/201614:00:00CSC Embraces IBM Cloud to Accelerate Hybrid Cloud Adoption
01/06/201615:00:00Independent Research Firm Names CSC a “Leader” in Global Wor...
01/05/201617:04:53Current Report Filing (8-k)
12/22/201517:25:23Current Report Filing (8-k)
12/22/201514:03:40Initial Statement of Beneficial Ownership (3)
12/22/201514:03:40Initial Statement of Beneficial Ownership (3)
12/21/201516:23:45Current Report Filing (8-k)

Computer Sciences and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations