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Here’s Why CA Stock is Advancing Today

NEW YORK (TheStreet) -- Shares of CA (CA - Get Report) are climbing 5.34% to $31.56 on heavy trading volume late Thursday afternoon after the New York-based company reported better-than-expected results for the 2016 fiscal fourth quarter.

After yesterday's market close, the IT management software and solutions provider posted earnings of 60 cents per diluted share, surpassing analysts' estimates of 57 cents per share.

Revenue was $1 billion for the quarter, above Wall Street's forecasts of $989.5 million.

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For fiscal 2017, the company expects earnings per diluted share between $2.51 and $2.56 on revenue of $4.04 billion to $4.08...