CACI International 1Q net earnings miss analyst estimates; revenue beats |
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Wed, 31 Oct 2007 21:42
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SAN FRANCISCO (Thomson Financial) - CACI International Inc. after Wednesday's closing bell reported first-quarter operating income of $34.7 million, down 5% from $36.5 million during the year earlier.The Arlington, Va.-based provider of information-technology and communications services posted net earnings of $18.3 million, or 60 cents a share, compared with $18.8 million, or 60 cents a share, last year.The mean estimate of analysts polled by Thomson Financial was for a per-share profit of 64 cents.Revenue came in at $553.6 million, topping the consensus estimate of $519.2 million. Last year, revenue was $467.6 million.Additionally, CACI said it has revised its fiscal 2008 outlook to include the impact of increasing subcontractor work and the acquisitions of Athena Innovative Solutions Inc. and Dragon Development Corp.The company said it now expects net earnings of $76.5 million to $85.7 million, or $2.50 to $2.80 a share, on revenue of $2.25 billion to $2.35 billion for the year.Shares of CACI closed the regular session up almost 4% at $53.85.Katherine Huntkh/gmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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CACI completes acquisition of Athena Innovative Solutions 