CACI International Q3 Profit Declines; Reiterates 2014 Guidance

(RTTNews) - CACI International Inc (CACI) reported that its third-quarter net income attributable to company decreased to $30.8 million or $1.19 per share, from $38.4 million or $1.62 per share, previuos year. Adjusted net income was $46.34 million or $1.78 per share, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.22 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $900.4 million from $906.2 million, a year ago. Analysts expected revenue of $897.30 million for the quarter. The company said the decrease in revenue was driven primarily by delays in planned awards, lower run rates on professional services contracts, and reductions in Afghanistan-related material purchases.

The company reiterated its fiscal 2014 guidance. Revenue is expected to be in the range of $3.50 billion to $3.60 billion. Earnings per share is expected to be in the range of $5.12-$5.51. Analysts expect the company to report 2014 profit per share of $5.29 on revenue of $3.55 billion.