NEW YORK, Oct 31 (Reuters) - Shares of Electronic Data Systems Corp. jumped more than 7 percent on Thursday, a day after the world's No. 2 computer services company posted profits that tumbled 60 percent, but reassured investors there were no more skeletons in the closet. "It's called a relief rally I guess," Moshe Katri, an analyst with SG Cowen Securities said. "Management hasn't disclosed additional problem contracts or underperforming contracts, but let's wait and see." EDS -- second ...
Premium Content (PAID Subscription Required)
"EDS shares rise on investor relief worst is over" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.