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.

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

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