However, CSC did offer a glimpse into its fiscal fourth-quarter numbers. The company reaffirmed its prior earnings guidance of between $1.51 and $1.61, and it boosted cash flow expectations, excepting restructuring costs, to a range of $840m to $860m, way up from its previous outlook of $400m to $500m. But revenue estimates for Q4 were a bit softer, down to $4.0bn to $4.1bn, compared with the $4.1bn to $4.2bn it had forecast earlier.
Analysts polled by Thomson Financial on average were looking from EPS of $1.49 on revenue of $4.08bn.
In related news, CSC this week also announced that president and COO Michael Laphen has been appointed CEO of the company, replacing Van Honeycutt, who has served in the role since 1995. Honeycutt will continue to serve as chairman of CSC until July 30, at which point Laphen will assume that role too. Laphen will also retain the title of president, in addition to the new roles of CEO and chairman.
