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CA tops 1Q profit forecasts

CA Inc. (CA) on Thursday reported fiscal first-quarter net income of $212 million.

The New York-based company said it had profit of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment was for earnings of 63 cents per share.