CACI Guides Lower
The company misses the quarter and guides lower on sales.
CACI International
(CAI) - Get Report
missed third-quarter targets and guided sales lower for the fourth quarter.
The Arlington, Va., federal information technology contractor made $21.4 million, or 69 cents a share, up from the year-ago $20.3 million, or 66 cents a share. Revenue rose to $435 million from $414 million a year earlier.
Analysts surveyed by Thomson Financial were looking for a 70-cent profit on sales of $455 million.
For the fourth quarter, the company expects to make 71 to 76 cents a share on revenue of $480 million or so. Analysts were looking for a 75-cent profit on sales of $504 million.
Shares were halted after hours Wednesday.
