Computer Associates International Ltd., a business software maker, on Wednesday posted a wider quarterly net loss, including charges for job cuts and a $225 million payment to settle a long-running accounting probe.
For the fiscal second quarter ended Sept. 30, the company had a net loss of $96 million, or 16 cents a share, compared with last year's net loss of $90 million, or 16 cents a share.
Revenue rose 6 percent to $855 million.
Operating earnings were 22 cents a share, including a tax benefit of 4 cents a share. Analysts on average estimated 17 cents a share on revenue of $842 million, according to Reuters Estimates.
For its fiscal third-quarter ending December, Computer Associates forecast operating earnings of 18 cents to 19 cents a share and revenue of $850 million to $865 million, compared with analysts' estimates of earnings of 18 cents a share and revenue of $870.7 million.
For fiscal 2005 ending in March, the company said it expects operating earnings of 79 cents to 82 cents a share and revenue of $3.425 billion to $3.475 billion, versus Wall Street view of a profit of 74 cents a share and revenue of $3.46 billion.
