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CA Inc. profit misses consensus by 27.8% in fiscal Q1

CA, Inc. said its normalized net income for the fiscal first quarter ended June 30 was 44 cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.

EPS declined 6.0% year over year from 46 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $192.5 million, a decline of 8.1% from $209.4 million in the year-earlier period.

The normalized profit margin dropped to 18.0% from 19.1% in the year-earlier period.

Total revenue fell on an annual basis to $1.07 billion from $1.09 billion, and total operating expenses decreased from the prior-year period to $742.0 million from $750.0 million.

Reported net income declined 34.8% from the prior-year period to $211.7 million, or 48 cents per share, from $324.7 million, or 72 cents per share.