CACI International Inc. (NYSE:CACI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.31%.
CACI International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.72% to $1.62 in the quarter versus EPS of $1.45 in the year-earlier quarter.
Revenue: Decreased 2.34% to $906.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CACI International Inc. reported adjusted EPS income of $1.62 per share. By that measure, the company missed the mean analyst estimate of $1.64. It missed the average revenue estimate of $936.83 million.
Quoting Management: Ken Asbury, CACI’s President and CEO, said, “We remain confident in our market-focused strategy and see continued demand in our high-growth and high-volume markets. We continued our solid operating performance, grew direct labor, maintained our margins, and generated excellent cash flow. During the quarter, however, our customers began to take actions to manage their budgets as a result of sequestration, and based on those actions, we are revising our guidance for our fiscal year.”
Key Stats (on next page)…