CNET también está disponible en español.

Ir a español

Don't show this again

PS5 preorders Animal Crossing: New Horizons fall update Amazon showcase Second stimulus check Amazon Echo 2020 Amazon Echo Show 10 New Alexa features

EDS hits 2Q estimates but sales stall

Electronic Data Systems met analysts' estimates in its second quarter Thursday, posting a profit of $254.3 million, or 53 cents a share, on sales of $4.6 billion.

First Call Corp. consensus pegged the computer services firm for a profit of 53 cents a share in the quarter.

EDS (NYSE: EDS) shares closed off 5/16 to 40 3/8 ahead of the earnings report.

The $4.6 billion in sales was basically flat with the first quarter when it posted a profit of 47 cents a share on sales of $4.5 billion.

Company officials said its so-called base revenue, excluding its biggest customer and former owner GM, were up 2 percent to $3.8 billion from $3.73 billion.

EDS shares collapsed earlier this quarter after it warned of weaker-than-expected sales in the quarter.

Its shares peaked at 76 11/16 in February before slumping to a low of 38 3/8 in June.

Eleven of the 16 analysts following the stock rate it either a "buy" or "strong buy."

First Call Corp. consensus expects it to earn $2.26 a share in the fiscal year.