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CACI Guides Lower

The company misses the quarter and guides lower on sales.
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CACI International


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.