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CACI International beats Street 3Q forecasts

ARLINGTON, Va. (AP) _ CACI International Inc. (CACI) on Wednesday reported fiscal third-quarter net income of $40.4 million.

On a per-share basis, the Arlington, Virginia-based company said it had profit of $1.61.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The defense contractor posted revenue of $1.09 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.

CACI International expects full-year earnings to be $6.25 to $6.49 per share, with revenue in the range of $4.28 billion to $4.35 billion.

CACI International shares have declined slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116.35, an increase of 22 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACI at https://www.zacks.com/ap/CACI


Keywords: CACI International, Earnings Report