Computer Sciences Corp failed to file its quarterly report by the expected date of August 13, as it hasn’t yet accounted for the impact of certain income taxes on its financial results, the company said.
The services giant made the announcement after market close on Monday, but shares jumped more than 9% to close at $57.67 on the New York Stock Exchange yesterday on a positive analyst note noting a discount in share price.
Also, in an Securities & Exchange Commission filing last week and in Monday’s release, CSC reaffirmed the guidance it gave back in June of revenue between $3.7bn and $3.8bn.
Yesterday it also reaffirmed EPS expectations of $0.65 to $0.75 before the impact of any special charges and the potential accounting adjustment.
Analysts are looking for EPS of $0.71 on sales of $3.74bn.