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CACI International: Fiscal 1Q Earnings Snapshot

·1 min read

ARLINGTON, Va. (AP) _ CACI International Inc. (CACI) on Wednesday reported fiscal first-quarter net income of $93.6 million.

On a per-share basis, the Arlington, Virginia-based company said it had net income of $3.67.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.15 per share.

The defense contractor posted revenue of $1.46 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.45 billion.

CACI International expects full-year earnings to be $14.47 to $15.25 per share, with revenue in the range of $6.05 billion to $6.25 billion.

CACI International shares have fallen 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $198.97, a decline of roughly 9% in the last 12 months.

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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