CACI Q4 Results Miss Estimates; Reaffirms FY16 Guidance

(RTTNews) - CACI International Inc (CACI), a provider of information solutions to the federal government and commercial markets, on Wednesday reported fourth-quarter net earnings of $41.4 million or $1.68 per share. This compares with a profit of $36.5 million or $1.49 per share last year.

Analysts polled by Thomson Reuters estimated earnings of $1.71 per share for the quarter. Analysts' estimates typically exclude special items.

Excluding items, the company's adjusted earnings for the quarter were $2.19 per share compared with $2.05 per share a year ago.

Revenues for the quarter were down 4.4% at $865.5 million compared with $905.7 million in the prior year. Analysts estimated revenues of $874.4 million.

Operating margin improved to 8.7% from 7.6% last year.

For the full year 2016, the company still expects earnings of $5.24 to $5.65 per share on revenues of $3.3 billion to $3.5 billion. Analysts expect earnings of $5.43 per share on revenues of $3.39 billion.