CGI Group Beats Estimates (GIB)

CGI Group, Inc. GIB released financial results on Tuesday morning that beat Wall Street estimates. CGI Group, Inc announced that its 4th quarter earnings rose to $84.1 million, or 30 cents per share, up from $82.6 million, or 27 cents per share, a year earlier. The company's revenue rose to $1.01 billion, up from $926.05 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 30 cents per share, on revenue of $980.49 million. President and chief executive officer Michael E. Roach said, "Thanks to the loyalty of our clients and the dedication of our employees, fiscal 2010 was a very successful year. By remaining focused on fundamentals, we have continued executing our profitable growth strategy driving competitive value for our clients while creating additional wealth for shareholders." CGI Group, Inc. (GIB) finished the previous trading day at $15.42per share. The consensus price target of analysts covering the company's stock is $17.24 per share. Read more from Benzinga's Company news.