Computer Associates Beats Targets, Ups Guidance

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Computer Associates (CA ) posted second quarter earnings per share of $0.04 -- $0.02 better than analysts' expectations. Revenues rose 5.3% to $772 million. The company sees third quarter earnings per share of $0.04 to $0.05 and raised the fiscal 2003 earnings per share guidance to a range of $0.14 to $0.16, up from the prior guidance of a $0.10 to $0.13 range.

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