CSC Announces Delay in Release of Financial Results for First Quarter of Fiscal Year 2008
EL SEGUNDO.- Computer Sciences Corporation (NYSE: CSC) today announced that it has not completed its determination of the impact of FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109” (FIN 48), on the company’s consolidated financial statements. As a result, the company is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 29, 2007, by August 13, 2007. The company currently cannot determine the date on which it expects to file its Form 10-Q for the quarter ended June 29, 2007.
The company anticipates preliminary unaudited revenue for the quarter ended June 29, 2007, of at least $3.7 billion to $3.8 billion, within the range estimate provided in the company’s June 13, 2007, press release. The company anticipates preliminary unaudited earnings per share, consistent with prior guidance, to be at least 65 cents to 75 cents for the quarter before the impact of special charges, including expenses related to restructuring and a retirement agreement, and before the impact of any adjustments resulting from the analysis and adoption of FIN 48.
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