Reuters: Regulatory News: UPDATE 1-CSC expects FY 2012 charge on NHS impairment

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-CSC expects FY 2012 charge on NHS impairment Apr 10th 2012, 22:54 April 10 | Tue Apr 10, 2012 6:54pm EDT April 10 (Reuters) - U.S. technology services provider Computer Sciences Corp expects to record a charge of $9.91 a share in its 2012 fiscal year following uncertainty regarding a key contract with the UK government's National Health Service. The company has been in active talks with the NHS since last year for an amendment to an IT contract. Last week, the company said it signed an letter of intent with the NHS to extend talks until June. The company earlier warned its impairment charge on the NHS contract could equal to CSC's investment in the contract, which was about $1.5 billion, as of Nov. 30, and possible additional costs. CSC expects to report a loss of 92 cents to 96 cents a share for the fourth-quarter on revenue of $4.1 billion. It projected a profit of 19 cents to 21 cents a share on an adjusted basis. Its shares were down 4 percent in extended trading. They closed at $28.18 on Tuesday on the New York Stock Exchange.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions