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EDS sees softer 2Q revenue
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June 9, 2000: 12:15 p.m. ET
But, computer services firm says 2Q earnings will meet Street estimates
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NEW YORK (CNNfn) - Electronic Data Systems Corp. announced Friday that it expects to report "soft" second-quarter revenue -- news that hurled its stock down nearly 24 percent.
However, the computer services provider said its earnings will match Wall Street's estimates for the quarter and full-year 2000.
The Plano, Texas-based worldwide provider of e-business and technology services said second-quarter revenues would likely be in the low single digits as opposed to previous forecasts of revenues in the mid-single-digit range.
 EDS (EDS: Research, Estimates) shares were down 13-13/16 to 44 in trading Friday.
EDS, which is the second-largest computer services provider behind IBM Corp. (IBM: Research, Estimates) said it believes this is a temporary softening, and that it expects revenue growth to pick up and then continue to improve in the second half of the year.
The company also said it remains confident about meeting analysts' consensus estimates of 53 cents a share for the second quarter and $2.28 a share for the year. The forecasts were collected by earnings research firm First Call/Thomson Financial.
In April, EDS reported first-quarter earnings that matched the 47 cents a share First Call estimate. 
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