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Computer Sciences Corp  (CSC)
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    Sector  Technology    Industry Computer processing and cloud services
 
 

EARNINGS REPORT by CSIMarket

Impairment charge hurt Computer Sciences Corp


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Assets impairment charges of $153 million, widen comany's losses in the forth quarter 2017, company sees earnings at $ 4.90 per share for the Fiscal Year



For the forth quarter 2017 Computer Sciences Corp increased losses at $-1.04 per share, compare to results of $-0.85 per share a year ago quarter, In the previous quarter company realized $0.21 per share.

Sales decreased by -1.46 % from $1.92 billions in preceding quarter, eps fell from $0.21 per share.
Only one section improved , while following segments recorded decrease in revenues Global Commercial -14.29%, U.S. Federal -15.53%.
For the forth quarter 2017 Computer Sciences Corp realized net loss of $-138 million, bigger than $-119 million a year ago.

The losses from it's business operations, were increased by $153 million impairment charges. Company issued earnings per share guidance between $4.75 and $5.05 for the fiscal year.

Computer Sciences Corp reported net loss of $-100 millions and Sales of $7.61 billions for the fiscal year 2017.

Computer processing and cloud services company said its eps were at $-0.88 compare to $1.78 in the previous fiscal year, while Sales advanced by 7.05 % from $7.11 billions a year ago.

Computer Sciences Corp is expected to report next financial results on November 06, 2018.
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Computer Sciences reported third quarter 2016 earnings

Computer Sciences reported second quarter 2016 earnings

Computer Sciences reported first quarter 2016 earnings

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