Shares in Computer Sciences Corp. lost ground Thursday, even though the company beat analysts’ expectations and reported a jump in both profit and sales in the fourth quarter.

Computer Sciences reported fourth quarter net income of $250 million, ($1.42 per share), a 57 percent jump from $159 million (84 cents) for the same period a year earlier. The current quarter’s results also included a pre-tax charge of 14 cents per share related to the company’s restructuring program. Analysts were anticipating $1.49 per shares, according to a poll by Thomson Financial.

Revenue for the El Segundo-based information technology services provider also gained 4 percent to $4 billion, which was slightly below Wall Street forecasts. Revenue was helped mainly by healthy contracting demand from overseas clients and the U.S. government.

For the year, the company earned $389 million ($2.16 per share), which includes after-tax net special charge of $262 million, ($1.46 per share), related to the restructuring program. Revenues for the year were $15 billion, up from $14.64 billion from the same period a year earlier.

Computer Services disclosed in a May 30 filing with the Securities and Exchange Commission that it would restate its earnings from 2000 to 2006 after finding “significant errors” in its tax liability accounting resulting in a charge of betwenn $300 million to $400 million.

The company was also informed earlier this month by the British government that if it doesn’t end a legal dispute with British software company iSoft Group Plc, the government could take over an $8 billion contract to overhaul the country’s health care records system. ISoft agreed to be bought by an Australian firm earlier this year, but because it is partnered with CSC on the U.K.’s health care contract, CSC has final approval on any issues that may affect the ownership of iSoft.

Shares on CSC were down 82 cents, or 1.4 percent, to $55.21 in afternoon trading Thursday on the New York Stock Exchange.