Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
ARLINGTON, Va. (AP) _ CACI International Inc. (CACI) on Wednesday reported fiscal fourth-quarter earnings of $50 million.
The Arlington, Virginia-based company said it had profit of $1.96 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The defense contractor posted revenue of $1.37 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.38 billion.
For the year, the company reported profit of $265.6 million, or $10.46 per share. Revenue was reported as $4.99 billion.
CACI International expects full-year earnings to be $11.52 to $12.30 per share, with revenue in the range of $5.5 billion to $5.7 billion.
CACI International shares have risen 44% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $207.19, a rise of 14% 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
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