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CA Inc. profit misses consensus by 23.8% in fiscal Q2

CA, Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 was 47 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

In the prior-year period, the per-share result was a profit of 47 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $209.4 million, a decrease from $212.5 million in the prior-year period.

The normalized profit margin rose to 19.4% from 19.2% in the year-earlier period.

Total revenue decreased year over year to $1.08 billion from $1.10 billion, and total operating expenses totaled $745.0 million, compared with $746.0 million in the year-earlier period.

Reported net income increased on an annual basis to $233.7 million, or 53 cents per share, from $229.5 million, or 51 cents per share.