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CA Inc. profit misses consensus by 19.5% in fiscal Q2

CA, Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 50 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS climbed 32.8% year over year from 38 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $208.1 million, an increase of 26.1% from $165.0 million in the year-earlier period.

The normalized profit margin rose to 20.4% from 16.4% in the year-earlier period.

Total revenue increased on an annual basis to $1.02 billion from $1.00 billion, and total operating expenses fell 7.7% year over year to $671.0 million from $727.0 million.

Reported net income rose 21.8% on an annual basis to $207.5 million, or 50 cents per share, from $170.4 million, or 39 cents per share.