CSC says profit is down, delays filing full report

Computer Sciences Corp. said fiscal second-quarter profit fell 6.9% and delayed filing a full report, citing a continuing probe of past stock-option grants.

Shares of the El Segundo-based company fell sharply after hours, losing $2.82, or 5.3%, to $50.25. In the regular session, the stock climbed 19 cents to $53.07.

Net income was $92.6 million, or 53 cents a share, down from $99.5 million, or 53 cents, a year earlier, the company said, citing preliminary figures. Sales rose 1.1% to $3.61 billion in the quarter ended Sept. 29.

Citing the internal options review, the company said those results might change. The review began in response to investigations by the Securities and Exchange Commission and the Justice Department.