UPDATE 1-CA Q3 inches past Street, names new CEO

* Q3 adj EPS $0.43 vs est of $0.42

* Q3 rev up 8 pct, tops market

* Reaffirms FY view

Jan 28 (BestGrowthStock) – Business software maker CA Inc (CA.O: )
posted quarterly profit that edged past analysts’ expectations
and reaffirmed its full-year outlook, and said it named a new
chief executive.

CA, which makes products that help manage large computer
networks, said William McCracken, who served as executive
chairman since former CEO John Swainson’s retirement, will take
over as its new CEO.

For the third quarter ended Dec. 31, the company earned of
$257 million, or 49 cents a share, compared with $208 million,
or 39 cents a share, a year ago.

Excluding items, the company earned 43 cents a share, just
beating analysts’ expectations of 42 cents a share, according
to Thomson Reuters I/B/E/S.

Total revenue rose 8 percent to $1.13 billion, beating
estimates of $1.10 billion. [ID:nWNAB0029]

Shares of the Islandia, New York-based company closed at
$22.35 Thursday on Nasdaq.

Stock Research

(Reporting by Sayantani Ghosh in Bangalore; Editing by
Gopakumar Warrier)

UPDATE 1-CA Q3 inches past Street, names new CEO