Shares of software maker CA Technologies rose as much as 4 percent Wednesday after the company's third-quarter earnings beat analysts' expectations. 
 CA's stock hit $25.56 a share in midday trading, up from $24.55 on Tuesday. 
 The company, Long Island's largest&nbsp; by stock market value, said on Tuesday after the market closed that its third-quarter sales dropped 5 percent, to $1.2 billion, in the three months ended Dec. 31, compared to the same period last year. Analysts, however, had expected CA's sales to fall even further, to $1.17 billion. 
 The drop stemmed primarily from CA's largest unit: mainframe software. It's revenue fell 9 percent, to $622 million. That's largely because a 2009 legal settlement gave the company a $39- million single license payment in last year's third quarter, boosting sales. 
 The stock market value of Islandia-based CA is roughly $11.50 billion. It has about 1,525 employees on Long Island and close to 14,000 employees worldwide.

Shares of software maker CA Technologies rose as much as 4 percent Wednesday after the company's third-quarter earnings beat analysts' expectations. CA's stock hit $25.56 a share in midday trading, up from $24.55 on Tuesday. The company, Long Island's largest by stock market value, said on Tuesday after the market closed that its third-quarter sales dropped 5 percent, to $1.2 billion, in the three months ended Dec. 31, compared to the same period last year. Analysts, however, had expected CA's sales to fall even further, to $1.17 billion. The drop stemmed primarily from CA's largest unit: mainframe software. It's revenue fell 9 percent, to $622 million. That's largely because a 2009 legal settlement gave the company a $39- million single license payment in last year's third quarter, boosting sales. The stock market value of Islandia-based CA is roughly $11.50 billion. It has about 1,525 employees on Long Island and close to 14,000 employees worldwide.

Business

CA's stock climbs on better-than-expected Q3 sales

Newsday

CA TEchnologies blog 10.25.12 crop

Business Trending

Wallet Watch

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

At least three of the guns had the serial number filed off, and at least one was a manufactured ghost gun, officials said. NewsdayTV's Shari Einhorn has more.

'Nobody has this amount of guns in their home if they're not selling'

Mandates could include requiring new systems when old septic tanks fail or when houses are sold. NewsdayTV's Virginia Huie reports.

'There's no harm in reaching out to the county'

On Thursday an "accidental electrical fire" damaged several areas of the historic Milleridge Inn's main property.

'Accidental electrical fire' damages Milleridge Inn

The "flip-flop" comes days after Newsday revealed the findings and raises questions about enforcement of fair housing laws. Newsday investigative reporter Josh Solomon has the story.

'I have never seen anything this egregious'

Hockey fans flocked to The Rinx in Hauppauge to see Sound Beach native and Stanley Cup champion Brandon Bussi of the Carolina Hurricanes. NewsdayTV's Jamie Stuart reports.

Bussi brings Cup to LI for 'unforgettable experience'

Sign up for the Daily Business newsletter

Business Newsletter Widget

Thirty Madison must also change its subscription practices and refund eligible subscribers.

Online medication company to pay state $400,000 over misleading subscription model

Business Article Bottom Module

The Federal Trade Commission and five state attorneys general had alleged a $100 million deal between the companies gave Zillow greater pricing power over landlords looking to advertise.

Zillow, Redfin settle with NY AG over apartment listings deal

U.S. stocks drifted to a mixed finish as the countdown ticks toward potentially market-moving events coming later in the week.

Wall Street drifts at the start of a week that could swing stocks and bonds

The Bridgehampton Kmart, which closed in October 2024, was the discounter's last full-size store in the continental U.S.

Target sets opening date for new LI store

After trade negotiations crumbled at the eleventh hour, U.S. President Donald Trump's 50% tariffs on scores of Canadian imports kicked in over the weekend.

What to know about Trump's tariffs on Canadian goods and rising tensions between once-close allies

The U.S. Federal Trade Commission says it has settled a claim against Zillow and Redfin accusing the real estate listings companies of striking a deal to suppress competition in online rental advertising.

Zillow and Redfin resolve litigation over deal FTC claims suppresses rental listings competition

Bonsai classes, trivia nights, mocktails and private events are among the ways venues are trying to draw customers.

Americans are drinking less. LI bars are adding activities to lure customers.

Business Video Playlist

Bonsai tree-making classes, trivia nights, mocktails and private events are among the ways local venues are trying to draw customers. Newsday business reporter Tory Parrish has more.

'We have a lot of different things going on'

Some East End businesses already house workers priced out of the area. Now East Hampton is weighing rules that could expand the model — and the debate over tying housing to a job. NewsdayTV's Andrew Ehinger reports.

'It's something I felt we had to do'

If the deal goes through, Giunta's Meat Farms will also acquire four Wild by Nature natural food stores. NewsdayTV's Ken Buffa reports.

Giunta's Meat Farms acquiring 24 King Kullen stores

Fake listings, bogus fees and stolen data target renters squeezed by Long Island's high housing costs. NewsdayTV's Virginia Huie reports.

'It's been a nightmare'

The price of childcare can be prohibitive for many Long Island parents. NewsdayTV's Andrew Ehinger reports along with NewsdayTV's Ken Buffa, Newsday business reporter Victor Ocasio and daycare owner Janna Rodriguez.

'Probably as much as rent or mortgage'

The overall inflation rate for the Long Island area is now 5.1%, up from 3.4% in May 2025. Newsday business reporter James T. Madore has more.

'Long Islanders are feeling the pain'

Recently passed state auto insurance reforms could help lower car insurance rates as much as 10% for New York drivers, according to some estimates. NewsdayTV's Virginia Huie reports.

'If it ain't now, it ain't happening. It's a dream.'

If approved, it would be the first new hospital on Long Island since 1980. Newsday business reporter James T. Madore has more.

'There are steps still to go'

The Riverhead Shake Shack, opening June 30, will be the chain's first on the East End.

Shake Shack set to open at Tanger Outlets

If approved, the 130,000-square-foot Bass Pro Shops Outdoor World would feature an indoor aquarium, historical displays and taxidermy wildlife mounts.

Bass Pro Shops combines outdoor gear, tourist attractions

Amanda Pastore, of Levittown, feels the pressure to provide her son a birthday party like other children his age — but at what financial cost?

'I just want him to fit in with everybody else'

Median home prices rose 7.8% in Nassau and 6.7% in Suffolk in April. Newsday business reporter Jonathan LaMantia has more.

'Things are looking up in terms of the number of new listings'

NEWSDAY TV SHORTS

Vertical videos

Cleaning crews were hard at work after a tornado ripped through the Sun and Surf Beach Club in Atlantic Beach Thursday evening. NewsdayTV's Andrew Ehinger reports.

'It was just a whistling sound that came right through'

Jones Beach Theatre concertgoers were hit by a massive storm Thursday night, causing the show to be delayed. Some attendees thought the concert should have been canceled. NewsdayTV's Shari Einhorn reports.

Wild weather raises concert safety concerns at Jones Beach 

Newsday travel reporter Carissa Kellman learns about renting and driving a skiff boat at Ted's Fishing Station in Point Lookout.

Cruise Long Island's shoreline on your own private boat

Since girls flag football became an official sport in New York high schools in the spring of 2023, participation in the sport has increased nearly 70%, NewsdayTV's Jared Valluzzi reports.

Flag football taking over spring sports

Ken Buffa stopped by La Cucina Paisanos in Farmingville to try their "pull apart soul-bowls," which are bread bowls stuffed with pasta.

Trendy Bites: Get stuffed with these Italian 'soul-bowls'

Environmentalists want more mandates to replace Suffolk septic systems as program falls behind

NewsdayTV's Doug Geed shows us the dedication it takes to keep bees at the Hallockville Museum Farm in Riverhead.

Out East: All the buzz at the Hallockville Museum Farm

Newsday travel writer Carissa Kellman visits Onda Bella Cruises for a boat ride from Northport Harbor.

Cruise from Northport Harbor on the Onda Bella

Long-forgotten unpaid traffic infractions in other states are causing a delay in New York State license renewals. NewsdayTV's Shari Einhorn reports.

Outstanding out-of-state tickets holding back NYS license renewals 

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

Newsday TV

NewsdayTV Top Item

Impacts to marine life from power cable? ... FBI, police seize 23 illegal guns, drugs from home ... LI schools drop summer reading ... Flag football on rise

Impacts to marine life from power cable? ... LI schools drop summer reading ... Flag football on rise

App Nativo Ad Unit Slot

Business - megaslot

Keep up with Long Island and national business news, including complete coverage of local companies, technology updates, stock market changes and more.

Most Popular

Latest Videos

Stay logged in.