Governments and companies' technology consultant Computer Sciences Corp. obtained the highest growth in more than six months. This was after the company forecasted earnings that were greater than what analyst had estimated.
CSC stocks climbed by 4.6% to US$52.27 at 9:49 am today in New York. Its stocks further rose to 5.3%. This surge was recorded as the company's largest intraday boost since February 5 this year. Overall, CSC's stocks jumped by 25% from the start of 2013 through yesterday's end of trading session.
The Falls Church, Virginia-headquartered corporation stated its earnings from current operations would be US$3.50 to US$3.70 for each share. The average estimate of analysts was US$3.52. Its earnings from continuing operations increased to 91 cents from only 10 cents in 2012.
"We are encouraged with the pace of our turnaround," Chief Executive Officer Mike Lawrie stated. "The company is beginning to pivot more towards growth and we are investing in offerings and partnerships that will enhance our differentiation and expand our market coverage."
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