Tech stocks prepare for worst after CA profit warning

US software and services company Computer Associates (CA) has warned that earnings for its second quarter will not meet analysts' expectations.

NEWS Earnings per share will be in the range of 50 to 54 cents, below analysts' expectations of 56 cents, according to First Call/Thompson Financial. CA shares were suspended in after hours trading and closed at $24.185, down $0.185. The enterprise software giant expects total contract value for the quarter ending 30 September to be between $1.67bn and $1.70bn, exceeding the $1.6bn of the corresponding quarter of 1999. Results will be available on 24 October 2000.

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your silicon.com account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ

Get silicon.com's daily newsletter

  • Register on silicon.com

    Enter your email to register

Keep in touch with silicon.com

silicon.com newsletters